Archive

Who Doesn't Get Paid if We Cross the Debt Ceiling?

New Frontier

Who won’t get paid if the U.S. crashes through the debt ceiling? David Frum explains.

articles/2013/01/14/who-doesn-t-get-paid-if-we-cross-the-debt-ceiling/130114-debt-ceiling-gross-tease_xbhsad
J. Scott Applewhite/AP

The federal government is the single biggest customer on planet earth, purchasing more than half a trillion of goods and services every year. If the government hits the debt ceiling and ceases to pay its obligations, a lot of vendors are in for a nasty shock.

The single biggest federal supplier...

We think “subscriber” would look good on you. Join now to unlock access.

Don't miss this subscriber exclusive article. 

Got a tip? Send it to The Daily Beast here.