Debt ceiling "game of chicken" will terrify markets - Bain Capital's Lavine

Published on January 24, 2023 02:20 AM PST

LONDON, Jan 24 (Reuters) -

Congress becoming mired in an argument on whether or not to raise the country's debt ceiling would hurt the U.S. economy, a leading official of private equity firm Bain Capital said on Tuesday.

"The debt ceiling is a real risk that will come to a point where it will terrify markets, because it is a wild game of chicken," Lavine, co-managing partner at Bain Capital, which manages $160 billion in assets globally, told an event. (Reporting by Nell Mackenzie; editing by Yoruk Bahceli)

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