By bickering over the debt limit, lawmakers have forced investors, consumers, and job creators to seriously entertain the possibility that Congress will let the U.S. government default on its debts, lose its perfect credit raing, and stop payments to people, including soldiers and retirees, who are owed money. Economists predict that the resulting damage would linger even if Washington cooks up a last-second compromise. Below are four examples of the lingering effects.
The Lingering Effects of the Debt Impasse—Pictures
Updated: August 1, 2011 | 11:39 a.m.
July 29, 2011 | 8:00 a.m.
Damage Already Done by Debt Deal