{"title":"Nothing Ventured, Nothing Gained","authors":"Phil Thengvall","doi":"10.1142/9789811243479_0001","DOIUrl":null,"url":null,"abstract":"Introduction: Today’s global economic uncertainty has a way of p aralyzing nations, corporations, small business owners, families, and individuals. Yesterday, The Washington Post said that Treasury Secretary Timothy Geithner confi rmed that Aug. 2 remained the deadline for raising the $14.3 trillion debt limit. On that date the United States will begin to default on its obligations without additional borrowing authority, setting in motion the \"catastrophic economic and market consequences of a default crisis.\"","PeriodicalId":266661,"journal":{"name":"Randomness and Realism","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2021-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Randomness and Realism","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1142/9789811243479_0001","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
Introduction: Today’s global economic uncertainty has a way of p aralyzing nations, corporations, small business owners, families, and individuals. Yesterday, The Washington Post said that Treasury Secretary Timothy Geithner confi rmed that Aug. 2 remained the deadline for raising the $14.3 trillion debt limit. On that date the United States will begin to default on its obligations without additional borrowing authority, setting in motion the "catastrophic economic and market consequences of a default crisis."
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