INQUIRER.net: Budget rift pushes US to brink of debt default

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Budget rift pushes US to brink of debt default Oct 16th 2013, 02:21 WASHINGTON—A dramatic day of political breakdowns thrust the United States dangerously close Tuesday to a debt default deadline and left the global economy exposed to unpredictable knock-on turmoil.   Just 31 hours before the US government begins to run short of money to pay its bills, there was no clear way out of a stalemate that has called the dollar's status as the world's reserve currency into question.   Major world powers looked on in dismay at the brinkmanship and political recriminations in Washington, fearing reverberations that could wreak havoc in their own sometimes weakened economies.   "We're far from a deal at this point," White Hous... Keep on reading: Budget rift pushes US to brink of debt default Media files: american-flags.jpg (image/jpeg)

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