Goldman Sachs sees a real risk to the US dollar if there is an extended debt ceiling fight

Comments from Goldman Sachs Goldman Sachs Goldman Sachs is a multinational investment bank and financial services company headquartered in New York City. It was founded in 1869 and is one of the largest and most well-known investment banks in the world.Goldman Sachs has a mixed reputation. On one hand, it is known for its expertise in investment banking and its role in many high-profile financial deals. On the other hand, it has faced criticism and controversy over the years, including accusations of unethical business practices and con Goldman Sachs is a multinational investment bank and financial services company headquartered in New York City. It was founded in 1869 and is one of the largest and most well-known investment banks in the world.Goldman Sachs has a mixed reputation. On one hand, it is known for its expertise in investment banking and its role in many high-profile financial deals. On the other hand, it has faced criticism and controversy over the years, including accusations of unethical business practices and con Read this Term' Beth Hammack, in brief:

• says stresses in the banking system seem to be quietening down
• reduction in credit availability has already begun
• loans are more difficult to come by for both individuals and small business
• the banking stresses have left financial markets on edge, continuing to debate raising the debt limit is reckless and irresponsible
• “Anything that moves us away from being viewed as the world’s reserve currency, of being the safest most liquid asset in the world, is bad for the American people, bad for the dollar and bad for the US govt,"