U.S. Treasuries Lose 'Risk-Free' Luster

U.S. Treasuries Lose 'Risk-Free' Luster

from CFR.org - The Council on Foreign Relations by Council on Foreign Relations

U.S. lawmakers' brinkmanship over raising the debt ceiling could have prompted a series of moves--the downgrading of U.S. debt by Standard and Poor's being one--that could cause a selloff of U.S. securities and an end to the primacy of the dollar, writes CFR's Francis Warnock.