INQUIRER.net: World fears US default, Obama warns

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World fears US default, Obama warns Oct 9th 2013, 02:45 WASHINGTON – President Barack Obama warned Tuesday that world leaders were nervous Republicans would "blow up" the US economy, and vowed not to budge on his demand for the debt ceiling to be lifted without conditions.   But House Speaker John Boehner insisted there would be no "unconditional surrender" from Republicans and said Congress would only allow more US borrowing if Obama agrees to cut spending.   There was, however, one glimmer of hope for progress in the bitter showdown that has closed the US government for more than a week and sparked fears that Washington could default on its commitments if the debt ceiling is not raised by October 17.   Oba... Keep on reading: World fears US default, Obama warns

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