Preparing for the unthinkable: Could markets handle a U.S. default?

Squabbling in Washington over the debt ceiling is again raising the spectre that the United States may be forced to delay payments on its debt. While the stigma of a default would be damaging enough to investor sentiment, the chaos from a breakdown in financial markets’ systems that might result…

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Preparing for the unthinkable: Could markets handle a U.S. default?

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