When would the U.S. actually default anyway? A default isn’t a default until the Fat Lady (or the bond market) sings
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...No panic–yet–on potential for a U.S. default as weekend brings no progress on raising debt ceiling
The big test will come later this week when the Treasury auctions $99 billion in notes–$35 billion each of two and five-year notes, and $29 billion in seven-year notes. Watch demand–to see how many investors are buying–as well as price.
S&P gives the odds on a U.S. downgrade and projects its cost in higher interest rates
There’s a 50% chance that it will lower the U.S. AAA credit rating by one or more grades within three months, Standard & Poor’s said on July 21.