Washington. America has never defaulted before. Therefore, it is difficult to predict exactly what will happen if the US defaults. But it is clear that if this happens, America and the entire global economy will be badly affected. US Treasury Secretary Yellen had said, if the US defaults on the payment, then the US economy, the livelihood of the American people and the global economy will be severely affected. Investors will lose confidence in the US dollar, which will lead to a rapid weakening of the US economy. Companies will cut jobs. Apart from this, the US government will not have the resources to continue with all its plans.
The debt of any country increases when the

Washington. America has never defaulted before. Therefore, it is difficult to predict exactly what will happen if the US defaults. But it is clear that if this happens, America and the entire global economy will be badly affected. US Treasury Secretary Yellen had said, if the US defaults on the payment, then the US economy, the livelihood of the American people and the global economy will be severely affected. Investors will lose confidence in the US dollar, which will lead to a rapid weakening of the US economy. Companies will cut jobs. Apart from this, the US government will not have the resources to continue with all its plans.
The debt of any country increases when the