Nothing Ventured, Nothing Gained

Abstract

Introduction: Today’s global economic uncertainty has a way of p aralyzing nations, corporations, small business owners, families, and individuals. Yesterday, The Washington Post said that Treasury Secretary Timothy Geithner confi rmed that Aug. 2 remained the deadline for raising the $14.3 trillion debt limit. On that date the United States will begin to default on its obligations without additional borrowing authority, setting in motion the "catastrophic economic and market consequences of a default crisis."