Default
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Business
Even Flirting With U.S. Default Takes Economic Toll
As negotiations over the debt limit continue in Washington and the date on which the U.S. government could be forced to stop paying some bills draws closer, everyone involved has warned that such a default would have catastrophic consequences. But it ...
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Business
As Debt Limit Threat Looms, Wall Street and Washington Have Only Rough Plans
A default is likely to rattle markets and carry big risks, no matter how the Federal Reserve and Treasury try to curb the fallout.