Another monkey wrenchsoon to be thrown into the gears of the economy. june 5th is the debt ceiling deadline. the nut job republican party will be holding the american people hostage unless they get there way, and in fact will be taking them off the cliff. not good for the economy the fight has just begun.
If the federal government defaults on its loans, investors could lose faith in the US dollar, causing the US dollar to weaken, stocks to fall and triggering job cuts. Even if the debt ceiling is raised, a prolonged fight over it could still cause long-term financial harm.