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)
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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.