" Keeping the economy strong will require addressing two distinct but related problems. Steadily rising federal debt … revenue. America is facing a gradual decline as debt accumulates and delay raises the costs of action. But there is hope … investments on human and physical capital, and raises and reforms taxes to pay for government services in a fair and efficient way …

facilitate debt repayment, as well as limits on the government's ability to avoid defaulting. The article then examines the … debt restructuring or even a possible IMF bailout …This article examines how a U.S. debt default might occur, how it could be avoided, its potential consequences if not …