These states would suffer most if the U.S. smashes through the debt ceiling

The U.S. may be only a matter of weeks from defaulting on its debt, an unprecedented scenario that government officials have variously described as “unthinkable” and ” catastrophic .”

With Republicans and Democrats remaining at an impasse for now, economists are examining the potential economic fallout if the situation comes to a head and the U.S. fails to make some payments.

In the event of a full-fledged debt default, the impact would be felt by anyone expecting funds from the government, whether a Social Security check, SNAP payment or government bond payout. But the impact wouldn’t be felt equally across the […]

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By Donato