Here’s how we know a US default would be an economic disaster

Elizabeth Warren’s message to Republican lawmakers CNN —

In CNN’s town hall with Donald Trump on Wednesday, the former president said a US default on its debt may be “psychological” and that it “could be nothing” or perhaps just “a bad week or a bad day.”

Economists disagree; many of them.As the political impasse continues and the country inches closer to the day the government will no longer be able to meet all of its financial obligations, a slew of economists have released estimates on what the economic impact of a US debt default would look like. Those estimates have all […]

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By Donato