Janet L. Yellen: “not paying any of our bills is default.”

We have degraded the Kremlin's ability to replace more than 9,000 pieces of heavy military equipment that it has lost on the battlefield.

not paying any of our bills is default.

Historically, it is a high level, but on the other hand, interest rates, real interest rates have moved down substantially in recent decades.

The failure to raise the debt ceiling would cause an economic and financial catastrophe.