The US debt crisis has deepened after a collapse of negotiations between Congress leader John Boehner (left) and Barack Obama. Photo: Reuters/Jason ReedUS Debt Crisis Threatens Global Markets As Congress Is Locked In Blame Game -- The Guardian
Congressional talks fail to make progress after Obama's fall-out with House leader John Boehner
Democrats and Republicans are locked into a dangerous game of seeing who will crack first over the national debt crisis, with the White House warning that the next few days could be stressful for world markets and Americans.
With time running out, congressional leaders from both sides met on Saturday after the dramatic collapse of negotiations between Barack Obama and the house Republican leader, John Boehner, on Friday. But the congressional talks broke up late on Saturday night after failing to make progress.
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