Wednesday 2 October 2013

INQUIRER.net: Obama warns Wall Street over fiscal crisis

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Obama warns Wall Street over fiscal crisis
Oct 3rd 2013, 00:29

WASHINGTON—President Barack Obama sent Wall Street a blunt warning Wednesday that it should be very worried about a political crisis that has shut down the government and could trigger a US debt default.   Obama said he was "exasperated" by the budget impasse in Congress, in an interview with CNBC apparently designed to pressure Republicans by targeting the financial community moments after markets closed.   The president then met Republican and Democratic leaders for their first talks since the US government money's ran out and it slumped into a shutdown now well into its second day.   But few informed observers held out much hope for a sudden brea...

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