short-term default

Treasurer's Office Monitoring Risk Of U.S. Debt Default

Oct 16, 2013
Treasurer Dan Rutherford
Brian Mackey/WUIS

State Treasurer Dan Rutherford says he's monitoring the debt ceiling showdown in Washington and the impact that it could have on the state's finances.

Congress is still searching for deal that would raise the country's cap to borrow more money in order to pay its bills.  The government has been partially shut down for weeks as Democrats and Republicans haggle over spending.