Sentence examples for begin to default from inspiring English sources

The government has barely a month to raise the debt limit or begin to default on its obligations, with potentially disastrous consequences for the economy.

The media analysts Fitch Ratings last week predicted that the outlook for newspapers across the US was so dire that many would begin to default on their debts and go bust.

Many economists have warned that if the ceiling is not raised, the United States will soon begin to default on its debt, and that could set off an international financial crisis.

On the most urgent problem – the threat that come Friday the US would begin to default on its payments – the warring parties were working towards a peace deal that would raise the debt ceiling through at least next February and possibly into the spring.

The urgency of the talks was matched by the scale of the crisis facing them: unless an agreement is reached on raising America's borrowing limit by midnight on Thursday, the US will begin to default on its payments, with possible global economic ramifications.

So it's unlikely we'll see the wave of junk issues that started in 2003 begin to default until the end of this year.

But that picture changed as the housing crisis took hold and homeowners began to default.

As homeowners began to default in ever greater numbers in 2007, the value of these C.D.O.'s collapsed.

When large portions of the borrowers began to default on the loans, the holders of the securities had big losses.

Yet within months, the borrowers of the underlying mortgages had begun to default on their loans and without the expected cashflows the bonds began to collapse.

With the onset of the crisis, house prices plunged, building ground to a halt and quite suddenly thousands lost their jobs and began to default on their debts.