How damage from a US debt default could cascade across the global economy

If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone FILE – An aerial view of the headquarters of the Swiss banks Credit Suisse, center, and UBS, left, at Paradeplatz in Zurich, Switzerland, on March 19, 2023. If the debt crisis now roiling Washington were eventually… WASHINGTON — If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone.

The repercussions of a first-ever default on the federal debt would quickly reverberate around the world. Orders for […]

Click here to visit source. abcnews.go.com

See also  Leaders Say TikTok Is Potential Cybersecurity Risk to U.S.

By Donato