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Warren Buffett likens it to a nuclear attack. Economists warn that government spending on programs like Social Security would plunge. The Treasury says the U.S. economy would slide into a recession worse than the last.

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INSURER ALLIANZ GROUP

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                    [Title] => Around the world, threat of US debt default shrugged
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abtest

Around the world, threat of US debt default shrugged

By Bernard Condon | October 15, 2013 - 8:31am

Warren Buffett likens it to a nuclear attack. Economists warn that government spending on programs like Social Security would...

World