Investors Calm in Face of U.S. Default

28th July 2011, Comments 0 comments

Without a breakthrough in Washington's bitterly partisan talks to raise the 14.3 trillion debt ceiling by 6 a.m. Moscow time on Aug. 2, the United States will default - but though the White House has echoed commentators across the globe in describing such a scenario as "catastrophic," market reactions have so far been muted.

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