Press "Enter" to skip to content

What will happen if Congress doesn't raise the federal debt limit?

The Treasury would have to default on some government bills, possibly including checks to investors and retirees. And it may not be able to pick which ones. The effects of a default would ripple through the U.S. and global economy.

Source: Los Angeles Times

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    %d bloggers like this: