Default Would Have a Catastrophic Impact on Econ 
        
        
            
                                                Jean Ross
                    
                                                
                            Center for American Progress
            
            May 12, 2023
        
 
     
    
 
    
    
    
    
    Failure to increase the debt limit would have grave consequences for the U.S. economy, the global financial system, and the well-being of American families.
            
    
    
    
        Read Full Article »