FOXNEWSW FOX News Sunday With Chris Wallace October 6, 2013
0 depression. the full consequences of a default or even the serious prospect of the default by the united states are impossible to predict and awesome to contemplate. d denigration of the full faith and credit of the united states would have the dollar volume of the exchange markets. that was president reagan. >> the department issued a report this week that said a positive default would be, quote, catastrophic. credit markets could freeze, the value of the dollar could plummet, u.s. interest rates could skyrocket and there might be a financial crisis and recession that could echo the events ...