The looming debt ceiling crisis could undermine the status of the US dollar as the world’s reserve currency, according to House Democrat Jim Himes. In a recent CNN interview, Congressman Himes says the US has never been on the verge of defaulting on its debt before. Himes says a failure to resolve the debt ceiling The post US Debt Default Would Be Catastrophic, Could Cost American Dollar Reserve Currency Status: Congressman Jim Himes appeared first on The Daily Hodl .