Archive for May 23rd, 2015

What if the United States Defaulted on the National Debt?


Saturday May 23rd, 2015   •   Posted by Craig Eyermann at 3:30pm PST   •   0 Comments

What would happen if the U.S. government defaulted on making payments on any portion of the $18.1 trillion it has borrowed? That’s a question the Federal Reserve asked not so long ago, and just in case this might someday happen, the Fed created an emergency plan to deal with the situation. Reuters reports: In...
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