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What is a US debt default? At its most basic level, a default is when a person or an entity cannot repay a debt on time. For instance, when a person can't make a ..., When borrowing money it's always good to have a Plan B in case a big creditor pulls the plug. That should be true whether the sum is a few thousand dollars or about a ..., As It's On Us continues to grow, we need supporters like you to help us! This year, It's On Us hopes to bring our message and materials to 1,000 campuses., A U.S. debt default is when the Treasury Department is forbidden to pay interest on its bonds. The potential causes and horrific consequence, You have to go to war with the weapons you have, but that adage didnt mean going to battle with dud weapons. The United States learned this lesson the hard way during World War II when its Mark 14 torpedoes failed repeatedly. Only a flag-rank investigation by a Navy laboratory involving numerous field tests fixed the problem., (The first it's is correct. The second should be its.) I think the company wants to have its cake and eat it. (This is correct. The its is a possessive adjective.) The reef shark chases it's prey through the coral. (This is wrong. It should be its. It cannot be expanded to it is or or has so it must be the possessive adjective its.) I'm astounded by people who want to know the universe when it's so hard to find your way around Chinatown., Agreed, the US can never default on dollar denominated debt unless it makes the policy choice to do so. But if the USD loses its status as exclusive reserve currency ..., It sounds ridiculous today. But not so long ago, the prospect of a debt-free U.S. was seen as a real possibility with the potential to upset the global ..., Russia may seize U.S. diplomatic property in Moscow and complicate life for an Anglo-American school unless Washington hands back two diplomatic compounds in the ..., US/Eastern Time (UTC-5) 12/3/17 : 03:53 PM : Click here to view all regions ...