Sentences with phrase «government default»
"Government default" refers to a situation when a government is unable to repay its loans or fulfill its financial obligations. It means that the government cannot meet its debt payments, which can lead to serious economic consequences such as a loss of trust in the government, increased borrowing costs, and potential financial instability. Full definition
And that would only happen if even after an established government default on a guarantee, any investment comes in for the Ghanaian nation.
ghanapoliticsonline.com
Or if there's a major government default or central bank failure?
Moreover, as the one faction in Congress willing to see the U.S. government default on its debt, they have greater influence than their numbers would suggest.
So, unless something truly catastrophic happens (like the US government defaulting on its bonds) or people in the company break the regulations (which would invovle all kinds of serious crimes and require complicity or complete failure of the auditors), your premiums and the contractual obligation to you would still be there, and would be absorbed by a different insurance company that takes over the defunct company's business.
As a 60 - year «global debt supercycle» draws to a close, it'll bring an inevitable series of government defaults.
They use yields on local Treasury bills (T - bills) or equivalents to approximate short - term interest rates and make some adjustments to account for government defaults.
If Congress fails to raise the debt ceiling and the federal government defaults on its obligations, we will be in real trouble.
With the deadline rapidly closing, Congress and the White House had limited options to avoid a potential government default that could send the already weak economy into a damaging swoon.
Fitch Ratings has warned that the country may see its first local government default, without specifying a timeline.
At the moment, no plan was included in an omnibus spending bill backed by the House of Representatives designed to aid Puerto Rico, which could lead to one of the largest government defaults in U.S. history.
The Russian government defaulted on its bonds; the markets went crazy; and in a matter of weeks L.T.C.M. was finished.
In the 1840s over-indebted governments defaulted, and there were many revolutions in Europe.
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The deal, if approved, would avoid a first - ever government default.
The application is that it is not impossible that the US Government defaults for political reasons.
[247] By passing the legislation, Congress was able to prevent a U.S. government default on its obligations.
The federal government defaults every student loan borrower into the Standard Repayment Plan, a 10 - year program of fixed monthly payments.
Did the US government default on its debt?
No one on either side of the aisle has put forward a credible compromise plan to head off a government default.
Local banks fare horribly if the government defaults.
When royalty revenues weren't enough to cover the cost of public services the government defaulted to cutting services rather than cutting waste, including patronage appointments to 320 agencies, boards and commissions or sweetheart deals with their friends (the Holy Cross Hospital springs to mind).
The question of who would hold responsibility for a failure to raise the debt ceiling and a government default, posed as a hypothetical question, has received quite a bit of polling and a substantial majority say they would assign the blame squarely on the Republican party
(i.e. there governmental bond holdings, to make it possible to compare what they would lose by the government defaulting as compared to what they would gain by not being taxed to repay the debt over X years?
If the government pays the amount due a day after it was supposed to pay it then the government defaulted on its debt.
If the government defaults, the SS Department will be in the same boat as other creditors.
Not surprising, but illuminating: large minorities in all of these districts say they support the prospect of the government defaulting if the debt ceiling isn't increased in two weeks, if that is a way to prevent health care reform from proceeding.
Washington (CNN)- Two days before the deadline for a possible U.S. government default, President Barack Obama and congressional leaders reached agreement Sunday on a legislative package that would extend the federal debt ceiling while cutting spending and guaranteeing further deficit - reduction steps.
(CNN)- Two days before the deadline for a possible U.S. government default, President Barack Obama and congressional leaders reached agreement Sunday on a legislative package that would extend the federal debt ceiling while cutting spending and guaranteeing further deficit - reduction steps, Senate leaders announced.
In fact, other parts of the financial system are taking precautions in case the worst — a government default — happens.
The primary one being that the government defaults and won't be able to pay the interest and / or principal.
In other words the cost of insuring against a US government default has risen by 25 times in little over a year.
Inflation or repression are more likely, but higher taxes or government defaults are not impossible if the politics lead to a stalemate, where no one is willing to compromise.
But, short of the government defaulting, there's far less risk in bonds than there are in stocks.
Examples are a market crash or government default.
Financial risk also refers to the possibility of a corporation or government defaulting on its bonds, which would cause those bondholders to lose money.
Will the government default on its bonds?
If the government defaults we have a lot bigger problems than the small amount you have in your bond and I would worry more about the big picture.
Government defaults are not unusual.
Because I bonds are backed by the federal government, risks associated with the issuer defaulting are extremely slim (if the government defaults, you have many more problems to worry about than your I bonds).
Some real estate industry and mortgage experts had predicted that if the government defaulted on its debts, it could send mortgage rates skyrocketing quickly — by one to two full percentage points.
If the government defaulted on its bonds, the government likely would have to raise interest rates dramatically, which in turn would hamper home ownership, analysts say.