1. Consequences

    Mullen: Default Could Affect Army Wages

    United States Secretary of Defense Robert Gates, President Barack Obama and Chairman of the Joint Chiefs of Staff Admiral Mike Mullen review the troops during Gates' Armed Forces Farewell Tribute on the River Parade Field at the Pentagon June 30, 2011 in Arlington, Virginia.

    Chip Somodevilla / Getty Images

    This is not so comforting. After being asked by an active-duty soldier Saturday in Afghanistan if troop wages would be affected by a government default, Adm. Mike Mullen said he does not have an answer to that. “I honestly hope we don’t get there,” Mullen said. He indicated that a default should not affect operations in the immediate future, but he warned that “the single biggest threat to national security is this growing debt.”

    Read it at AFP