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(Treasury is warning now that even without a default a debt-limit showdown is economically costly).
Even without a default, a prolonged shutdown by the U.S. government could harm the world economy.
Without a default assumption that the media will provide evidence for their claims and indications of their sources, audiences cannot tell if there is any source, let alone a reliable one, behind a "story".
The price of a company's bond can rise and fall over the years, but without a default creditors can expect a steady stream of interest payments and all of their initial investment back when the bond matures.
While that's all well-and-good, there are so many ways that management stymies shareholder control that requiring shareholders to select their own proxy access regime ("opt-in") without a default access rule means that there probably won't be one.
We have observed a differential repartition of dinucleic and trinucleic SSRs in the clementine ESTs with a high concentration in UTR and more precisely in the 5'initial region (but without a default of representation of 3'UTR regions du to the strategy of EST sequencing).
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Unlike interest, the dividends paid to equity holders can be cut if things go wrong, without triggering a default.
A few weeks later, Mr. Meehan said he was "hopeful that we will reach an agreement that stops our massive borrowing and reckless spending without risking a default".
Although a tax on banks has been discussed for several days, it had previously been presented as a tool for raising private sector financing without provoking a default, rather than a means of raising additional money.
Only a quarter of the world's stock of assets is now comprised of shares, which are far more flexible than debt because dividend payments to investors can be cut without causing a default.
The biggest and fastest-growing share of the budget still goes for mandatory entitlement programs — Medicare, Medicaid and Social Security — that no elected official wants to cut, and for interest payments on the debt, which they cannot cut without inviting a default.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com