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Debt limit brinkmanship risks U S economy
The debt ceiling stalemate could trigger a US default, sending borrowing costs higher, reducing spending, threatening Social Security and federal payrolls, and sparking a new financial crisis. Analysts warn markets would tank, the dollar could weaken, and recovery would hinge on a political accommodation to avoid a crash.
MENTIONED IN THIS ARTICLE
Washington
United States
Congress
Federal Reserve
Treasury
U.S
Greece
Portugal
Ben Bernanke
China
U.S. Treasury
Treasury Department
House
Wall Street
Standard & Poors
America
S&p
David Wyss