ShutterstockProfessional/Shutterstock The US government is on the precipice of a debt default next month: If not resolved, the issue carries major political risk for US President Joe Biden and menacing implications for energy markets. But negotiations on extending the US’ borrowing cap could yield other energy wins, such as boosting prospects for permitting reform.A default still seems unlikely, but current Washington dynamics — namely an increasingly factionalized and unpredictable Republican party — mean a worst-case scenario can't be ruled out. Save for later Print Download Share LinkedIn Twitter The Issue
