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Technical Default

S&P: U.S. Credit Rating Will Be Slashed To 'Selective Default' If It Misses Payment

Posted 08.30.2011 | Business

NEW YORK (Walter Brandimarte) - The United States would immediately have its top-notch credit rating slashed to "selective default" if it misses a...

Fitch Will Downgrade U.S. Rating If Treasury Notes Aren't Honored

Posted 08.08.2011 | Business

NEW YORK (Walter Brandimarte, Daniel Bases and Burton Frierson) - The United States probably wouldn't be able to maintain its prized AAA sovereign...

China: GOP Lawmakers Are 'Playing With Fire' By Contemplating Default

Posted 08.08.2011 | Business

Republican lawmakers are "playing with fire" by contemplating even a brief debt default as a means to force deeper government spending cuts, an ad...

JPMorgan: Technical Default Would Have 'Large Systemic Effects'

Business Insider | Joe Weisenthal | Posted 06.20.2011 | Business

A new report from JPMorgan explodes the myth that a technical default by the US Treasury -- a couple of missed coupon payments -- would be no big deal...