The ISDA declares the U.S. would have 3 days to make up for missed debt payments before...

|By:, SA News Editor

The ISDA declares the U.S. would have 3 days to make up for missed debt payments before triggering CDS on its bonds. Given this group recently announced it sees nothing in the Greek restructure/default that would trigger CDS on its paper, the decision sounds at least a bit political.