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Bookmark or Share- What it would mean for the global economy if the US defaults on its ...WASHINGTON (AP) — If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone. The repercussions of a first-ever default on the federal debt would quickly reverberate around the world.
- 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...
- 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.
- What Would Happen if the U.S. Defaulted on Its DebtA protracted default would push those numbers to a devastating eight million lost jobs and a severe recession, with the economy shrinking by more than 6 percent.
- 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?
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