The Peterson Institute for International Economics just released a new collection of papers by independent economists exploring the consequences of sustained U.S. fiscal uncertainty on the national and global economy. This report, "Flirting with Default: Issues Raised by Debt Confrontations in the United States," was funded by a grant from the Peterson Foundation.
See the Wall Street Journal’s morning coverage of this new analysis here.
Major findings in the report include:
Read the full summary of "Flirting with Default" here. The full report is available on PIIE's website.