Uncategorized

The Economic Side Effects Of A Default- *Government

http://www.nytimes.com/2013/10/04/us/politics/debt-limit-impasse.html?_r=0 In the case of the debt payment; You have to come up with a payment or default. If a default occurs it will affect interest rates and the rating for the overall economy will drop some points. It makes it more difficult for Large banks to borrow from the world banking system. (Like the… Continue reading The Economic Side Effects Of A Default- *Government