"The president of the United States has been disingenuous by using language like 'default.' Much of the rhetorical flare out there is not based in math. ... They try to use that language to raise the shrillness for political leverage rather than trying to work through this with a calculator."
-- U.S. Rep. David Schweikert (R-Ariz.) told the Arizona Republic.
While the U.S. may not default on its interest payments on Treasuries, the country would still be at risk of defaulting on some of its legal obligations, which includes payments to federal contractors, among other things.
