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Monday, October 23, 2017

Asked about the state of the U.S. fiscal situation last week, presumptive Republican presidential nominee Donald Trump floated a novel idea: Stiff bondholders. If the economy tanks again, Trump said he may consider throwing U.S. debt obligations out the window. But experts have warned that such an idea would roil both the international financial system and…

Photo: Traders work on the floor of the New York Stock Exchange (NYSE) as a television screen displays coverage of U.S. Federal Reserve Chairmman Janet Yellen shortly after the announcement that the U.S. Federal Reserve had hiked interest rates for the first time in nearly a decade in New York, December 16, 2015. REUTERS/Lucas Jackson