What happens if the United States defaults?

The Capitol is seen in Washington, Wednesday, May 3, 2023, as lawmakers struggle to avoid a default on the nation’s debt. (AP Photo/J. Scott Applewhite) Read More CHICOPEE, Mass. (WWLP) – A looming default deadline for the U.S. Government has some economists worried about hefty economic downfall. 22News is working for you with what impacts to expect if the federal government is unable to meet its financial obligations. Debt ceiling: McCarthy says ‘no progress’ ahead of talks Tuesday with Biden If the U.S. were to default for the first time in history, many economists believe there would be catastrophic […]

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