Jonathan Lavine, co-managing partner at Bain Capital, said on Tuesday that financial markets will be rattled if U.S. Congress becomes mired in an argument on whether to raise the debt ceiling
, this will hurt the U.S. economy and rattle financial markets, a top executive at private equity firm Bain Capital said on Tuesday.
The U.S. government on Jan. 19 came close to its statutory borrowing limit. The Treasury Department warned that its extraordinary cash management measures could only allow the government to pay all its bills through early June, at which point the world’s biggest economy could be at risk of failing to meet its obligations, including on its debt securities.
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