Political Quotes

Ron Wyden: “There is just no such thing as 'managed default.' Default is default and global credit markets will recognize it.”

On the recordJune 6, 2017
There is just no such thing as 'managed default.' Default is default and global credit markets will recognize it.
Said by
Ron Wyden
Democratic · Oregon

Editor's note · Context

Wyden warns against the idea of managed default, asserting that it would damage U.S. credit.

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