The dangers we face if DC's next dust-up leads to a crisis - Cincinnati News, FOX19-WXIX TV

DC's next fight could hurt all of us

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WASHINGTON (FOX/CNN) -

Economists are nearly unanimous when it comes to the dangers we all face if DC's next dust-up leads to a crisis. Later this month, Congress will have to raise the nation's debt ceiling or the U.S. will default on its outstanding bills and obligations.

It's a potential crisis that could affect us all, economists say. How?

  • Your nest egg could take a hit if the stock market tanks
  • Your job could be in jeopardy if defaulting causes us to go back into a recession
  • Borrowing money could cost more
  • Social Security payments may not be paid on time
  • Other government benefits could be reduced

However, most economists expect Congress to get a deal done with the White House in time. 

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