Executive Highlights: Is Your Business Prepared if the U.S. Government Defaults on Its Debt?

Treasury Secretary Janet Yellen recently warned Congress that if the debt limit is not raised by October 18th, the U.S. government will default on its debt. Economists project that a U.S. default could have a catastrophic impact on the fragile U.S. economy. In this Executive Highlight, we explore what “default” really means, what is expected