U.S. Capitol Building. (Source: Shutterstock)
I've been putting off writing about the looming possibility that the United States would default on its existing contractual obligations to pay its debts because I sincerely believe that as dysfunctional as our political system has become, surely it hasn't gotten so bad that it would intentionally inflict such a disastrous wound on America's economy and its long term standing in the world. I would bet you $1 million that China would never default on its debt. But as the deadline grows closer, it's time to start preparing for what a debt default would look like, how it would impact your credit union and what you may want to explain to your members.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
