Why would interest rates in personal loans like mortgages go up if the US defaults on the national debt. Why is my local bank affected by the government not being able to pay its debts.
In: 4
The bank loans money from the government, but its a moot point as the U.S will not hit the debt ceiling. They will work it out at the 11th hour. Not doing so would instantly wreck the economy for both democrats and republicans, no one wins except russia and china, and R and D hate those guys even more than eachother
Latest Answers