Bill Gross

Bill Gross: US Will Avoid 'Catastrophic Default', Yellen Will Replace Bernanke

PIMCO’s Bill Gross joined Bloomberg Television’s Trish Regan and Adam Johnson on “Street Smart” today and said, U.S. will avoid a ‘catastrophic’ default on Treasury securities if lawmakers fail to extend the debt limit on the nation’s debt.  Gross went on to say that a default will be “unimaginable” and would trigger a “complex series of events worldwide.”

Gross also told Trish Regan and Adam Johnson that Janet Yellen will be . . .

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