Preparing for default - if not now, then later

By Lauren Young

NEW YORK | Sat Jul 30, 2011 5:12pm EDT

NEW YORK (Reuters) - The debt negotiations are getting down to the wire. Republican and Democratic lawmakers are scrambling to broker a deal to raise the country's $14.3 trillion debt ceiling before Tuesday, when the Treasury will no longer be able to borrow funds to meet all of its obligations. It all means the United States could face the possibility of defaulting on its debt and losing its prized triple-A credit rating. What does that mean for consumers?
Here are some answers we compiled from Reuters Money experts ...
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Comment: If it won't happen now - it surely will later, so getting ready matters anyway.