This may be the best report I’ve read on the Debt Ceiling impasse so far (FD: I haven’t read many in full, sorry). This report as, among the ones I have looked at, the benefit of being fairly easy to read/comprehend, with as little legalese/technical jargon as possible.
I almost always suggest getting your information not from the media, but from going directly to the source. This time is no exception.
Take for example these two slides about what could potentially happen far more clearly than anything I’ve read:
This is some serious, serious stuff.
**UPDATE: Thanks to the BPC, I’ve updated the link for the report, below, should work fine now**
**Caveat: I do not advocate or endorse this analysis or the accuracy thereof. I’m presenting it for informational purposes only.