What will happen if US debt-ceiling does not raise?

What will happen? First shares market around the world will react negatively.

As yesterday alone, DJIA already down 198 points but this is not solely their contributed problem, the other factor causing the falling is Greece. As S&P downgraded Greece government bonds to nearing junk status.


Chances of getting raise will be harder as US Presidential election is coming soon.

Lets hope the US politicians be mercy to everybody not just US but around the world too.