Treasury: U.S. default a world-economy risk
Posted: October 4, 2013 at 5:48 a.m.
WASHINGTON — President Barack Obama’s administration warned Thursday that a prolonged debate over whether to raise the federal debt ceiling would harm the economy by depressing business and consumer confidence, increasing stock market volatility, erasing household wealth, and increasing interest rates on mortgage and corporate loans.
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Front Section, Pages 1 on 10/04/2013