Focus shifts to looming debt-ceiling deadline as shutdown talks at White House go nowhere
Zachary A. GoldfarbThe fight over the government shutdown quickly moved on Wednesday to a bigger showdown over raising the nation’s debt ceiling, as the first White House talks to solve the fiscal standoff failed to make any progress toward a deal.
President Obama and business leaders warned that the clash has raised the chances of a historic default on the national debt, which would occur if Congress doesn’t agree to raise the $16.7 trillion debt ceiling later this month and could cause a new recession.
Obama said investors should take more seriously the threat of a potential default, which global markets have brushed off for months as Washington’s usual partisan theatrics.
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"Focus shifts to looming debt-ceiling deadline as shutdown talks at White House go nowhere", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mars 2013. Consulté le 10/12/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/focus-shifts-to-looming-debt-ceiling-deadline-as-shutdown-talks-at-white-house-go-nowhere