Inside the Treasury Department team monitoring early economic warning signs as default threat looms
Briefly

Nearly five months before the US was projected to hit the debt ceiling, a small team inside the Treasury Department began alerting top officials to early effects already being felt in the US financial system.The cost of insuring US debt, as measured by the price of credit-default swaps, was rising a sign that investors were beginning to view US bonds and other securities as increasingly risky.
Read at www.cnn.com
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