O’Connor: Investors urged not to panic as U.S. default looms

Last Updated: July 27. 2011 1:00AM Brian J. O’Connor O’Connor: Investors urged not to panic as U.S. default looms Many doubt leaders, in the end, will fail to act, trigger default With the deadline to raise the federal debt ceiling drawing closer by the day — and the risk that the U.S. could default on its sovereign debt growing —