Failure to raise debt ceiling would be 'more catastrophic' than Lehman collapse, S&P says

Few think that Congress won't at some point raise the debt ceiling, which is a good thing because the consequences could be disastrous. In fact, one economist believes the scenario would be worse than the lowest point of the financial crisis. "Failure to raise the debt limit would likely be mo...

Failure to raise debt ceiling would be 'more catastrophic' than Lehman collapse, S&P says