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| Permalink View Article Stats Dateline: July 28, 2011: Will U.S. Default? $4.8 Billion Investment Says Yes, by ABC News Quicklink submitted by GLloyd Rowsey (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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Investors are spending $4.8 billion to hedge against the possibility that credit rating agencies will downgrade U.S. debt--or worse, that the U.S. actually will default. Doomsayers predict these and other dire consequences if Congress fails to act by August 2 to raise the nation's debt ceiling. {Pictured is the National Debt Clock.} |
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