Posts Tagged ‘interest rates’

PostHeaderIcon Possible Consequences Of A US Debt Default

The US came disastrously close to a debt default if it were not for the US Congress agreeing to increase the country’s debt ceiling of $14.3 trillion. But even then, the country may not yet be out of trouble. But for the meantime, increasing the debt ceiling may have averted what could have been a very painful blow to an already struggling US economy that has not yet risen from the beating it took several yea