Money Matters

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As a consequence of the modern debt ceiling bustle, Americans can wait to a list of budget cuts, desolately referred to as severity measures at times.

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The debt-ceiling crisis may affect lives of American consumers. Possibly default would have a lot of negative effects for the US. So, what would happen?

Short-term loans will help to cover the California's bills if money stops arriving from Washington. But still there is a hope that the federal government will come to consent.

Downgrade of the US credit rating is possible. That is the last thing consumers, businesses and investors require in frail economic recovery.

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US stocks closed out the worst week in over two years on Friday during the volatile session that watched the main indexes whip back and forth.

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Borrowing interest rates on mortgages and other loans for consumers may increase due to the downgrade of US debt. Consumers should be ready for the effects.

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