CBO Director Elmendorf: Debt Default ‘A Dangerous Gamble’ | Talking Points Memo

Congress’ top adviser on federal budget issues warned Tuesday that even a brief default on U.S. credit obligations, triggered by a failure to raise the national debt limit in a timely fashion, would be “a dangerous gamble,” with potentially far-reaching consequences for the U.S. economy and citizens who rely on crucial social services.


This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=110620