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Monitor
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US debt default: five ways it would affect you
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Five ways US debt default would affect you
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The United States will almost certainly not default on Oct. 17. Although the federal government will have run out of authority to borrow more money, the US Treasury will have roughly $30 billion on hand to pay its bills for the next several days and, if it chooses to delay some payments, a few days more. But somewhere between Oct. 22 and Nov. 1, it will have to make hard choices about who to pay and who not to pay, according to the Bipartisan Policy Center, a nonprofit think tank in Washington. Here's how default and even the threat of default could affect you as a retiree, consumer, investor, and so on:
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Here's a breakdown of how a default or near default on US debt would affect Americans.
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By Noelle Swan , Correspondent
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Type Path Title Site Name INTERNAL e1b0c9bd7607a7b0816c4e27121d10bb Could you be a Federal Reserve banker? L736469 INTERNAL b61d9f8317837a846e78820bbd9e998c Government shutdown: Default now focus, as Treasury warns of 'catastrophe' (+video) L739863 INTERNAL fe8bde2c9caeafd07dfd557ec7febddc Why this debt ceiling showdown is even sillier than the last L740511 INTERNAL 9c2dccc97352da99674fc494c54bc0ea It's debt limit time (again). What past showdowns can teach us. L722793
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