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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Can a historic US default be averted?
Description: White House and Republican negotiators have reached a tentative deal to raise the US debt ceiling and avert a default that threatened to send tremors through the global economy. The bill has been lined up for a vote on Wednesday. How are Asian markets reacting to this news? Treasury Secretary Janet Yellen has warned, though, that an extension must be finalised by June 5 to avoid a historic default that would send borrowing costs soaring. What would the worst-case scenario would be if that happens? Hongbin Jeong speaks to Sani Hamid, Director for Wealth...