NEW YORK — The U.S. could also be just a few weeks away from defaulting on its debt over political gridlock, thrusting the worldwide monetary system into unknown territory that threatens to pummel inventory costs and ignite a run on banks.
However views are blended as as to if this may be a significant blow for the greenback — which has served because the world’s main reserve foreign money since World Warfare II — or counterintuitively additional improve its safe-haven standing as cash flocks towards secure investments.