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Bookmark or Share- White House details ‘severe damage’ in debt ceiling crisis - NBC NewsThe Council of Economic Advisers says a “protracted” default would cost 8 million jobs and cut the stock market in half and warns that “brinksmanship” comes with costs, too.
- Would a U.S. default really be that bad? Yes — and here's why - NPRThe U.S. can seem like the country that cried debt ceiling, but many say this year, the country might actually default. What happens to the economy and to regular people if it defaults?
- Analysis: ‘The mother of all crises.’ A US default would ... - CNNA deep recession in the United States, caused by a prolonged breach or a US default, would sink the global economy too.
- Why and When Do Countries Default? - InvestopediaThere are a number of reasons why a country would default on its debt, including high debt levels, economic stagnation, political instability, and even a banking crisis. Argentina, Lebanon, and...
- Here’s what will happen to the economy as the debt ceiling drama ...A default could be catastrophic, causing “irreparable harm to the US economy, the livelihoods of all Americans and global financial stability,” Treasury Secretary Janet Yellen has warned. Yellen...
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