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If Congress does not raise or suspend the government's statutory borrowing limit, the government would default on its debt days later, risking a ratings downgrade, and possibly economic calamity, including soaring interest rates and plunging stock prices.
Republicans confidently predicted Weimar 2.0 — soaring interest rates and inflation.
The same people predicted soaring interest rates from government borrowing.
We cannot risk of a loss of confidence leading to soaring interest rates.
Argentina's soaring interest rates will suddenly plummet, he promised, all without a devaluation.
Brazil, the largest Latin American economy, has suffered soaring interest rates and a persistent energy crisis.
How has the Heritage Foundation prediction of soaring interest rates from four years ago panned out?
Remember how federal deficits were supposed to cause soaring interest rates?
Remember all those assertions that budget deficits would lead to soaring interest rates?
No, budget deficits in a depressed economy don't cause soaring interest rates.
These soaring interest rates on risky debt are, in effect, a prophecy of future troubles for the world economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com