But we remain absolutely confident that the United States will not for the first time default on its obligations or risk default on its obligations, that Congress will act appropriately.
Jindal's comments come a day after the House passed a bill to permit the government to borrow enough money to avoid a first-time default for at least four months, defusing a looming crisis setting up a springtime debate over taxes, spending and the deficit.
Only by summer of 2011 did the Eurozone admit that a default on Greek debt was required but, by the time the default was implemented in early 2012, Greece now had a mountain of official sector debt.
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But obviously work is continuing on that to ensure that it is there and in place in a way that is acceptable to majorities of the House and the Senate, and acceptable to the White House, so the we can be sure that action is taken in a timely fashion so that we do not, for the first time, default on our obligations.
At the time of the default, Russia's finances were in tatters.
That unique authority expires May 18, but the government retains the ability to juggle its books to buy several more months' worth of time before facing default.
The consequences of that are serious, as the first time in our history, and for the first time we risk default and we have obligations that exceed our capacity to fulfill them.
Neuro-scientific research has now proven that when you choose to think new thoughts, repeatedly, and take new actions, repeatedly, those thoughts and actions gradually build new neural pathways in your brain that over time become your default thoughts and actions.
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Credit protection has particular appeal at a time of high corporate default rates.
And hopefully it will result in a broad agreement on significant deficit reduction that then also allows the Congress to move forward with making sure that the United States of America does not for the first time in its history default on its obligations.
Economic growth will help prevent another financial time bomb--credit default swaps, a form of debt insurance--from exploding.
In addition the agreement is much more explicit about how much time a borrower has before default is triggered.
The repetition of this exercise over time will eventually shift your default of negative thinking to one of increased self-confidence and positivity.
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But even the elite AAA rating currently held by Uncle Sam does not imply a zero probability of default for all time.
But it is an important recognition of the fact that the United States will not, for the first time in its history, default on its obligations.
It turns out that every time FHA has a loan default but it gets modified into a new loan, then this loan is a success and hence not counted as a defaulted loan.
So we are taking -- and then, obviously, most recently the uncertainty created by this debate in Washington over whether the United States would, for the first time in its history, default on its obligations.
Some countries could default for a time.
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You may default yet a second time and be eligible for yet another loan modification.
Nasdaq has delisted the parent company's stock, and its bank could, at any time, force the company into default.
The spread on five-year credit default swaps took less time to decline to normal (around 300 basis points) after tripling in 2008.
We need to take action so that the United States of America does not default for the first time in its history.
If the parties fail to compromise in time thereby allowing the US to default on its obligations, US debt could be downgraded and that would cause markets to tumble systematically.
Everybody acknowledged that we have to get this done before the hard deadline of August 2nd to make sure that America does not default for the first time on its obligations.
As you can see in the screenshot above, one developer has come up with a Mario-inspired theme, which should please folks who think the default option (the time, spelled out) is just a bit too twee.
The only issue under discussion and debate right now is what kind of deficit reduction package can accompany a measure that would ensure that we do not, for the first time in our long history, default on our obligations.
And there is no question that if Congress does not compromise and does not act, that allowing the United States to default for the first time in its history would have severe economic consequences and would -- everyone, every family that owns a home and has a mortgage would be affected.
We believe that it is very important that we have hopefully averted what would have been the most substantial headwind of all, which is a default for the first time in our history, and that that will contribute to a more positive environment that we hope will allow for greater growth and job creation.
On the other hand, we are -- have been and continue to be heartened by the fact that leaders of both parties in Congress are saying what we are saying, which is that it is inconceivable and it will not happen that the United States will default for the first time in its history.
Colleges counter that while deferment helps keep their default rates down, it also gives borrowers time to find a job or income source to catch up on payments, while avoiding a default that can tarnish their credit.
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