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What will happen if the US defaults on its loans?

Kathy Robinson

in Student Loans

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Justin Parker on January 10, 2018

A lot of bad - that the credit score will go down dramatically, causing interest rates on the public debt to skyrocket. This will likely drop the US into a second recessiprobably worse than the first; the national economy will be, almost certainly, hitting the skids. Stock markets around the world are going to react badly, causing a huge loss in the value of the investment as well as investor trust and confidence.

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