Temporary defaults have happened in the history of the US govt, it's not exactly breaking news. Other governments have as well. Long term default is an entirely different matter.
Obviously you default temporarily enough times and people will stop thinking your promise is worth anything. So far that hasn't happened, let's hope it doesn't.
Obviously you default temporarily enough times and people will stop thinking your promise is worth anything. So far that hasn't happened, let's hope it doesn't.