28 Jul 2011

Heightened anxiety about a possible US debt default

From Nine To Noon, 9:10 am on 28 July 2011

The White House is warning that the US will essentially be 'running on fumes' to pay its bills from next week as the deadline looms to avoid a crippling debt default. Global stock markets fell sharply overnight amid mounting fears that Republicans and Democrats will fail to break the stalemate over raising the US borrowing limit by August 2nd.