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What Happens If the U.S. Defaults on Its Debt? |
June 29, 2011
While many economists say a genuine default is unlikely because politicians in Washington will ultimately agree on a way to raise the debt ceiling, naysayers in Washington have downplayed the potential consequences such as higher interest rates and inflation.
http://feeds.abcnews.com/click.phdo?i=aaa563ed2ec7d74d5a5ad27efea456db
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