Congressional Republicans are now questioning the impact of a default as the debt ceiling deadline looms - Republican senator Ted Yoho said I think we need to have that moment where we realise we're going broke. I think personally it would bring stability to world markets. (VIEW LINK)
The Republicans are just rearranging the deck chairs on the Titanic. They'll say anything right now to try to stem the tide of their plummeting approval ratings.
I think personally it would bring stability to the world markets? The guy has to be kidding.... Although, as each day rolls by without a resolution we are definitely going to see spikes in volatility as the markets get nervous about this possibility.