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  2. What Happens If the U.S. Defaults on Its Debt? - AOL

    www.aol.com/finance/happens-u-defaults-debt...

    The debt ceiling is a limit that Congress imposes on how much debt the federal government can carry at any given time. When the ceiling is reached, the U.S. Treasury Department cannot issue any ...

  3. The debt ceiling is back, but no need to worry – yet - AOL

    www.aol.com/debt-ceiling-back-no-worry-050142134...

    Just what would happen if the nation actually defaults on its debt is unknown because it’s never happened. The Treasury Department would have to decide what bills to pay – including Social ...

  4. The debt ceiling is back on the table for 2025. Here's what ...

    www.aol.com/finance/debt-ceiling-back-table-2025...

    For about 48 hours last week, it looked like a debt ceiling fight in 2025 would be averted, as ideas were floated to postpone the issue until 2027 or 2029 (or even forever). But it was not to be.

  5. 'Extraordinary measures': Treasury Sec. Yellen warns US could ...

    www.aol.com/news/extraordinary-measures-treasury...

    What happens if the government defaults on the debt? A default would occur if the U.S. failed to pay bondholders who have lent money to the government. The United States has never defaulted on its ...

  6. 2023 United States debt-ceiling crisis - Wikipedia

    en.wikipedia.org/wiki/2023_United_States_debt...

    The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.

  7. State defaults in the United States - Wikipedia

    en.wikipedia.org/wiki/State_defaults_in_the...

    State defaults in the United States are instances of states within the United States defaulting on their debt. The last instance of such a default took place during the Great Depression, in 1933, when the state of Arkansas defaulted on its highway bonds, which had long-lasting consequences for the state. [1]

  8. What Happens If the U.S. Defaults on Its Debt? - AOL

    www.aol.com/news/2013-10-09-what-happens-if-the...

    Day nine of the government shutdown. Still no end in sight. For 800,000 or so furloughed federal employees, this is tough. For most Americans, it's a mere annoyance. But that could change in the ...

  9. Sovereign default - Wikipedia

    en.wikipedia.org/wiki/Sovereign_default

    A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced.