[InterceptPoint]

With less debt, governments are seen as better credit risks.

I'm not so sure that will hold up. But I admit to not checking in on how Greece is doing with this issue. Do you know how it is going? That might tell us something.

So until I hear a really good argument in favor I'm going to keep my KOOKIE IDEA label on this latest from Trump.

[aMorePerfectUnion]

The way it works is pretty simple. Each side wants something out of a deal. Of course, both sides want everything. Neither will get everything. Both will give up something to get what they want, which is less than everything. If they perceive it as in their best interest, both sides make a deal.

I think the US is not going to default outright, so that big stick is off the table. How it would work in practical terms, I do not know.