WASHINGTON (AP) If the debt crisis rocking Washington were to ultimately push the United States into recession, the US economy would not sink on its own. The repercussions of a very first default on the federal debt would reverberate quickly around the world. Orders from Chinese factories that sell electronics to the United States […]
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 Chinese factories that sell electronics to the United States could dry up. Swiss investors who own US Treasurys would suffer losses. Sri Lankan companies could no longer deploy dollars as an alternative to their own dodgy currency.
What it would mean for the global economy if the US defaults on its debt wsbradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wsbradio.com Daily Mail and Mail on Sunday newspapers.
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