Default is defined as “failure to make a payment (such as a payment on a loan); a failure to pay financial debts.” A default by the U.S., in the words of U.S. Treasury Secretary Jack Lew, would be catastrophic. Creditors …
Default is defined as “failure to make a payment (such as a payment on a loan); a failure to pay financial debts.” A default by the U.S., in the words of U.S. Treasury Secretary Jack Lew, would be catastrophic. Creditors …
