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US default would trigger ‘significant volatility’ and ‘breakages’ in financial system, SEC Chairman warns

US default would trigger 'significant volatility' and 'breakages' in financial system, SEC Chairman warns

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Gary Gensler, the chairman of the Securities and Exchange Commission, warned lawmakers Tuesday that a US default would likely set off historic stress in financial markets because Treasuries are the bedrock of the entire system.

...read full article on CNN Business

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