quote:What Actually Happens Oct. 17th
quote:During the previous debt ceiling negotiations and rating downgrade, Treasuries rallied.
quote: one debt payment? yeah.
quote:Payments are routinely delayed for one reason or another in the normal course of business.
quote:Under bankruptcy laws, 3 creditors can put you into involuntary bankruptcy. Does government work the same way?
quote:The U.S. didn't default during the previous debt ceiling negotiation.
quote:rioritization would be enacted before the default occurred... not sure what your point is here?