The last time the US defaulted on debt

So it didn’t really. But it did, sort of. A nice piece over at the Atlantic (Here’s what happened the last time the US defaulted on its debt) talks about an incident where previous debt ceiling shenanigans meant the bill was passed in time, but not enough time for the Treasury to avoid defaulting on a small ($120 million) portion.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s