The U.S. Congress : From One Crisis to Another
“The full consequences of a default — or even the serious prospect of default — by the United States are impossible to predict and awesome to contemplate. . . Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and on the value of the dollar in exchange markets." Ronald Reagan (1911-2004), 40th President of the United States (1981–89), (1983)...