Tag Archives: US Government Shutdown Threatens Disruptions To Global Credit

US Government Shutdown Threatens Disruptions To Global Credit – 14 October 2013

RT logoThis week, the US may be forced to default on its $16.8 trillion debt if a deal to raise the ceiling is not struck. And some US legislators are acting “irrationally” enough to indeed allow it to happen, Professor Jeffrey Sommers told RT.

If the US defaults on its debt, the entire global economy could be hit, IMF chief Christine Lagarde warned over the weekend. “We would be at risk of tipping, yet again, into recession.”

Read the whole article at: www.rt.com / link to original article