Wednesday, October 16, 2013

When Will Congress' Inaction Push U.S. Into Default?

Audio for this story from Morning Edition will be available at approximately 9:00 a.m. ET.


Determining the day on which the U.S. government might default is tricky. The Bipartisan Policy Center says the last eight days of October is a critical period because of all the payments due that week. The potential for a credit default is already causing problems for big financial firms that use U.S. Treasurys as collateral.

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