If the US defaults on debt, expect the dollar to fall – and with it, Americans' standard of living
- Written by: Michael Humphries, Deputy Chair of Business Administration, Touro College
Would a default mean an end to the dollar's position as the go-to trading currency?AP Photo/Jacquelyn MartinCongress has seemingly kicked the debt ceiling deadline down the road – but the threat of a future default still exists.
On Oct. 7, 2021, lawmakers in the Senate agreed to extend the government’s ability to borrow until December....
