NBC News
•US Politics
US Politics
81% Informative
Failure to pay bondholders would likely have the U.S. gest repercussions across the economy because of as early as next week reate in the financial markets.
The failure to make those payments would almost certainly trigger a downgrading of the country's credit rating.
A government shutdown is tr U.S. red when Congress f January pass the Treasury Department government.
But in the case of a debt ceiling breach, all federal spending is affected, including Medicare payments, Social Securi Treasury s and veter Janet Yellen .
Stocks could drop 20% in that scenari the coming week eclines s U.S. during the financial crisis of 2008. June 1 ht The Treasury Department span> Treasuries Goldman Sachs /span> June 8 or 9 xlGi">U.S. Groups mmaryFeed_highLightText__ between June 2 and 13 n> RepublicansU.S. > < days class="summaryFeed_highLightText__NxlGi">Kevin McCarthy House
VR Score
83
Informative language
81
Neutral language
50
Article tone
semi-formal
Language
English
Language complexity
58
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Source diversity
7
Affiliate links
no affiliate links