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US payment default imminent: PayPal, Citigroup, Globex Mining

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US payment default imminent: PayPal, Citigroup, Globex Mining

According to US Treasury Secretary Janet Yellen, the federal government could default on payments as early as June 1st. Namely, if Democrats and Republicans in Congress do not agree on a higher debt limit. Why those …

According to US Treasury Secretary Janet Yellen, the federal government could default on payments as early as June 1st. Namely, if Democrats and Republicans in Congress do not agree on a higher debt limit. At this point, we outline why the debate is coming at an inopportune time, what dangers could arise for the markets and where opportunities await.

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