Nobel economist Paul Krugman says he's 'terrified' about the potential fallout from a US debt default - but isn't worried about credit downgrades
Nobel economist Paul Krugman said he's"terrified" by the potential fallout from a US debt default - but isn't worried about credit downgrades.
, given Congress has still not decided whether it will raise the debt ceiling - despite the risk that the government could run out of money in a matter of days. "We believe risks have risen that the debt limit will not be raised or suspended before the X-date, and consequently that the government could begin to miss payments on some of its obligations," Fitch said in a statement.
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