Well if that is true, than the House GOP simply cannot keep this going past the Oct 17 deadline. Because they will not be capable of convincing the public that the White House and the Senate is to blame for this. So it depends on whether or not those CEOs are being truthful in saying a default would happen and it would be devastating. If they are right, then the House GOP has until the Oct 17 deadline and that’s it
not really. OCT 17 is not set in stone. most agree that is not the real day that it will run out, and probably closer to later OCT. Also if you are a large CEO you always air on the side of caution. No one really knows what effect it will have. heard some people today talking about dropping the USD as world reserve currency, however they were unable to come up with a replacement, as the Euro has it’s own problems, and China has pegged the value of their currency to ours...