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No, the U.S. Will Not Default On Its Debt, No Matter What

Posted on October 21, 2015
No, the U.S. Will Not Default On Its Debt, No Matter What

WASHINGTON, DC - JUNE 18: A display of $10 note currency plates from the past century are seen at a press conference at the National Archives on June 18, 2015 in Washington, DC. U.S. Treasury Secretary Jacob Lew discussed the redesign of the $10 note to feature a woman and enter circulation in 2020, the 100th anniversary of the 19th Amendment, which gave American women the right to vote. (Photo by T.J. Kirkpatrick/Getty Images)

Even if the debt limit were breached, Treasury would find a way to pay the bondholders first

Image used with permission of Getty Images

Filed Under: Notes of Interest

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