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Here's what could happen in markets if the U.S. defaults. Hint: It won't be pretty

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A U.S. debt default would lead to a slump in stock and bond markets, while eroding the U.S.' financial standing in the world, analysts say. (Getty Images)
A U.S. debt default would lead to a slump in stock and bond markets, while eroding the U.S.' financial standing in the world, analysts say. (Getty Images)

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