Wednesday, October 16, 2013

When Will Congress' Inaction Push U.S. Into Default?




Determining the day on which the U.S. government might default is tricky. The Bipartisan Policy Center says the last eight days of October is a critical period because of all the payments due that week. The potential for a credit default is already causing problems for big financial firms that use U.S. Treasurys as collateral.


Source: http://www.npr.org/2013/10/16/235167748/when-will-congress-inction-push-u-s-into-default?ft=1&f=1006
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