The U.S Capitol Building is pictured at sunset in Washington, October 11, 2013. REUTERS/Jason Reed
Analysis: U.S. Debt Ceiling Crisis Would Start Quiet, Go Downhill Fast -- Jason Lange, Reuters
(Reuters) - If Washington doesn't reach a deal soon to keep paying its bills, an economic crisis could start unfolding so quietly on Thursday it will give little hint of its potential to throw millions of Americans out of work.
Many people would not notice right away if the government hits a $16.7 trillion cap on its debt, which could come on Thursday.
Checks would likely go out on time that day for everyone from bondholders to workers who are owed unemployment benefits, according to analysts in government and the private sector.
"The 17th will come, the lights will still be on and everything will look normal for 99 percent of Americans," said Steve Bell, a budget expert at the Bipartisan Policy Center in Washington.
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Commentaries, Opinions, And Editorials
Watch what China does with US debt, not what it says -- Ambrose Evans-Pritchard, The Telegraph
Syria's rebels: Divided they fall -- Daily Star editorial
The Middle East Pendulum -- Roger Cohen, New York Times
Iran sanctions: How much are they really hurting? -- Ariel Zirulnick, Christian Science Monitor
Iran nuclear offer may backfire, analyst says -- Oren Dorell, USA Today
Netanyahu is right to worry about a Western sell-out on Iran -- Con Coughlin, The Telegraph
Terrorism and the ivory trade -- Laurel Neme, Andrea Crosta and Nir Kalron, L.A. Times
Islamist or Nationalist: Who is Egypt’s Mysterious New Pharaoh? -- Raymond Stock, Foreign Policy Research Institute
Rethinking India-Pakistan Relations -- Ram Mashru, The Diplomat
Another Afghan governor assassinated as clock ticks on US withdrawal -- Dan Murphy, Christian Science Monitor
The many roads to Kabul -- Vivek Katju, The Hindu
What’s Mandarin for great game? -- Manoj Joshi, The Hindu
Calm down, Washington: China doesn’t really want to ‘de-Americanize’ -- Max Fisher, Washington Post
Will Argentina Default Yet Again? -- Jaime Daremblum, Real Clear World
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