President Obama Warns Of A U.S. Government Default

'You Should Be Concerned': Obama Warns World Markets There Is No Guarantee U.S. Will Avoid Defaulting On Its Debts -- Daily Mail

* 'Exasperated' president says shutdown feud may prevent debt solution
* He said: 'When you have a faction willing to default, we are in trouble'
* Says he is not willing to water down healthcare bill to break deadlock
* Held crunch meeting with Wall Street bankers over budget impasse
* Goldman Sachs chief: 'Consequences of default are extremely adverse'

An 'exasperated' Barack Obama offered no guarantees the U.S. would avoid an unprecedented default during a crisis meeting with Wall Street bankers yesterday.

The President said it could not be taken for granted that the political infighting over the federal shutdown would ease in time to raise the legal debt limit before the October 17 deadline.

Speaking on CNBC last night, he said: 'I think this time is different. I think they should be concerned.

'When you have a situation in which a faction is willing to default on U.S. obligations, then we are in trouble.'

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More News On President Obama Warning Of A U.S. Government Default

Obama to Wall Street: This time be worried -- CNBC
Obama Warns Wall Street -- New York Times
Obama: Wall Street should be worried -- USA Today
Shutdown can trigger US debt default, Barack Obama warns -- Times of India/AFP
Obama: Wall Street 'should be concerned' about shutdown -- L.A. Times
US shutdown: Barack Obama warns of default danger -- BBC
Obama Says Market Should Worry. He's Right. -- Barrons
Obama's phony debt default threat -- Bill Weckesser, American Thinker

My Comment: I have been following U.S. politics for about 30 years .... this is the first time that I have seen a U.S. President "talk-down" on the U.S. economy and it's stock market. I understand that this is all about U.S. politics .... but the world is watching .... and I am one of them .... and we are all wondering on what (the hell) are you guys doing?