Well, for starters, if you're a Fed employee, you would not get paid, until the debt ceiling is raised.
Medicare and Social Security payments would temporarily halt.
Banks would run out of cash since there's no FED backing them up, so no new loans, and most certainly a run on the banks, and ATM's would stop working.
And if ALMOST defaulting caused stocks to drop 20% back in 2011, if we actually DO default...then make sure to keep your money in stocks, so you can experience that...then let us know how it turns out for you.:rolleyes:
FORTUNE: What would happen if the U.S. doesn’t raise the debt ceiling? https://fortune.com/2021/10/05/debt-...us-government/