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If the US defaults on debt, expect the dollar to fall – and with it, Americans' standard of living

  • Written by Michael Humphries, Deputy Chair of Business Administration, Touro College
If the US defaults on debt, expect the dollar to fall – and with it, Americans' standard of livingWould a default mean an end to the dollar's position as the go-to trading currency?AP Photo/Jacquelyn Martin

Congress has seemingly kicked the debt ceiling deadline down the road – but the threat of a future default still exists.

On Oct. 7, 2021, lawmakers in the Senate agreed to extend the government’s ability to borrow until December....

Read more: If the US defaults on debt, expect the dollar to fall – and with it, Americans' standard of living

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