US politicians are still locked in talks to raise the country's debt ceiling, with the possibility that the government could begin to run out of money later this week if no deal is struck. The Republican-controlled House and Democratic-led Senate are negotiating to end the government shutdown, which began 15 days ago when Republicans demanded Barack Obama kill off his healthcare reforms. If no deal is struck by a Friday (Australian time) deadline the government will reach its borrowing limit, potentially causing the US financial sector to freeze up, threatening the global economy. White House spokesman Jay Carney said talks in the Senate were making progress but "we're far from a deal at this point". More » |
0 comments:
Post a Comment