Impact of U.S. defaulting on its debt will be felt globally

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THE LIKENESS of Benjamin Franklin is seen on U.S. $100 bills. If the debt crisis now roiling Washington were eventually to send the United States crashing into recession, the repercussions of a first-ever default on the federal debt would reverberate around the world and quickly. / ASSOCIATED PRESS FILE PHOTO / MATT SLOCUM
WASHINGTON (AP) – If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America's economy would hardly sink alone.  The repercussions of a first-ever default on the federal debt would quickly reverberate around the world. Orders for Chinese factories that sell electronics to the United States could dry up. Swiss investors…

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