Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mobile Device Management
- The Modern Federal Threat Landscape
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- Satellite Communications: Acquiring SATCOM in Tight Times
- Transformative Technology: Desktop Virtualization in Government
- Understanding the Intersection of Customer Service and Security in the Cloud
Shows & Panels
Monday - Friday, 6-9 a.m.
Hosts Tom Temin and Emily Kopp bring you the latest news affecting the federal community each weekday morning, featuring interviews with top government executives and contractors. Listen live from 6 to 9 a.m. or download archived interviews below.
Wrangling continues over debt ceiling, budget
Wednesday - 7/13/2011, 10:31am EDT
"Lawmakers, policy makers and economists across the board just about agree that a national default would be a major problem," Bolton said. "It would cause interest rates to rise, it would make mortgages more expensive, auto loans more expensive, students loans and credit payments more expensive. And it would put the stock market into a tailspin."
August 2 is the official day the U.S. would default, as set by Treasury Secretary Timothy Geithner.
Another consequent problem is the concept of cross-defaulting. "If you stop making some of your payments to make others, are you in default, at least from the vantage point of the credit agency?" Bolton said. "That's something that's an unknown."
This story is part of Federal News Radio's Congressional Spotlight sponsored by United Technologies Corporation. Click here for more stories on Congress.