Home Economics US default could be ‘catastrophic’: Treasury

US default could be ‘catastrophic’: Treasury

Advertisement Disclosure: When you purchase through our sponsored links, we may earn a commission from our partners. By using this website you agree to our T&Cs.

US default could be ‘catastrophic’: Treasury (via AFP)

A US default on its obligations forced by Congress not raising the country’s borrowing ceiling would have catastrophic effects, the Treasury warned Thursday. With the government likely to exhaust its cash reserves around October 17, the Treasury said…



Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

AFP
Editor
Investing

Which Stocks Should You Buy, and Sell, in 2026?

Dave Kovaleski6 months

Also, the 3 sectors that Wall Street analysts are most bullish about. The usual suspects dominated in 2025 as both the Communication Services and Information Technology sectors helped boost the...