abc
QUICK LINKS:

INTERVIEW: Consequences of Defaulting on US Debt

Updated: 10/14/2013 8:30 PM
Created: 10/14/2013 6:16 PM KSTP.com
By: Cassie Hart

There are just three days left before the U.S. Treasury Department says the United States will run out of funds to pay for its $328-billon commitments.
 
Wall Street's top bankers and stock market analysts are convinced there would be global catastrophic consequences unless there's a deal this week to raise the debt ceiling.

We wanted to know what this really means. We asked Professor Jeanne Boeh from Augsburg College to talk more about the topic.


Minneapolis/St. Paul

Clear
57°
72° | 50°
  • Feels like: 57° F
  • Wind: SE 3mph
  • Humidity: 77%
  • Tue Mostly sunny
    74° | 56°
  • Wed Showers
    70° | 56°
  • Thu Mix of sun and clouds
    77° | 58°
  • Fri Times of sun and clouds
    80° | 60°

Video

KSTP NEWS