US Debt Crisis Likely to Hurt World's Lenders, Borrowers, Investors

While official Washington remains preoccupied with a government shutdown, many experts are more concerned about another looming crisis. The U.S. Treasury Department says the government will run out of money to pay its bills by October 17 unless President Barack Obama and Congress agree to allow the government borrow more money. The impact  would be felt by borrowers, lenders and investors around the world.

Five years ago, at the start of the Great Recession, investors raced to sell off …

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