Unlike a federal government shutdown, a default would not halt fiscal 2023 appropriations, and large defense contractors' cash reserves could help tide those companies over, yet downstream effects of a short or long-term default on U.S. businesses could be significant, if a default calls into question the full faith and credit of the United States. "There are enormous financial pressures for publicly traded companies, and, for that matter, privately held companies on what you do with those cash reserves," David…
