Tag: us default consequences

What Happens If The US Defaults?

| July 25, 2011 | 0 Comments

The debate in Washington over raising the debt ceiling took a nasty turn at the end of last week. Speaker of the House, John Boehner, walked out of negotiations on Friday.  Apparently, the White House tried to slip in another $400 billion in tax increases at the last minute.  (Republicans had already proposed increasing taxes […]

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