Sizing Up the Default ‘Nightmare’
The debt-ceiling debate has been shelved, but that doesn’t resolve a key issue vexing regulators and Wall Street: What would happen to the U.S. Treasury market if the government missed a debt payment?
The debt-ceiling debate has been shelved, but that doesn’t resolve a key issue vexing regulators and Wall Street: What would happen to the U.S. Treasury market if the government missed a debt payment?