Not raising the debt limit could nudge the economy back into recession, according to four association heads Even the appearance that the nation could default on its debt could have serious economic ramifications, four association leaders told members of Congress Thursday. Speaking before the Senate Committee on Banking, Housing and Urban Affairs, the four urged lawmakers to avoid surging past the debt limit on Oct. 17. At the same time, they cautioned against an idea floated by some Republicans that the U.S. Treasury could selectively pay certain debt obligations while ignoring others, comparing it to individuals who pay back some loans but not others and are saddled with… Read More