Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- 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
- Mission-critical Apps in the Cloud
- Mobile Device Management
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- 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 on our daily show blogs.
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.