Briefing Argentina debt default 101: What’s at stake? (+video)

Argentina has until midnight July 30 to negotiate a deal with bondholders who rejected a restructuring deal. The unresolved debt is an overhang from the last time Argentina defaulted in 2001. 

By , Staff writer

Kathy Willens/AP

Argentina is on the brink of its second default this century after losing a long court battle with a group of US bondholders. How did it end up here and what’s at stake?