How Ugly Would a Default Be for the Buck? VERY

How Ugly Would a Default Be for the Buck? VERY

FORTUNE -- In a long-awaited breakthrough, Congress is inching closer to a deal that would increase the nation's borrowing limit and end a two-week-old government shutdown. The U.S. may just barely miss a default days before the U.S. Treasury exhausts its ability to borrow, but the sigh of relief could be short lived.

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