Potential Macroeconomic Effect of Debt Ceiling Brinksmanship
U.S. Department of the Treasury: The Potential Macroeconomic Effect of Debt Ceiling Brinksmanship. October 3, 2013 “The United States has never defaulted on its obligations, and the U S. dollar and Treasury securities are at the center of the international financial system. A default would be unprecedented and has the potential to be catastrophic: credit …