NEW YORK -- The U.S. may be only a few weeks away from defaulting on its debt over political gridlock, thrusting the global financial system into unknown territory that threatens to pummel stock prices and ignite a run on banks.
Currencies
U.S. debt default to challenge, or enhance, dollar as safe haven: analysts
Greenback uncertainty may provide strength to yen
Under the leadership of Speaker Kevin McCarthy, House Republicans are refusing to raise the debt limit unless the White House agrees to massive budget cuts. © Reuters
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