Shutdown Mauritius
Obama Signs Bill to Raise Debt Limit, Reopen Government
After shutting down the U.S. government for 16 days and driving the nation toward the brink of default, a chastened Congress voted late Wednesday to reopen federal agencies, call hundreds of thousands of civil servants back to work and raise the $16.7 trillion debt limit.
17 Oct 2013, business.mega.mu
A U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall
Anyone who remembers the collapse of Lehman Brothers Holdings Inc. little more than five years ago knows what a global financial disaster is. A U.S. government default, just weeks away if Congress fails to raise the debt ceiling as it now threatens to do, will be an economic calamity like none the world has ever seen.
07 Oct 2013, business.mega.mu
Obama: Default Would Be Worse Than Shutdown
President Obama broadened his focus in the budget battle Thursday, saying a government default on its debts would hurt the economy worse than the ongoing government shutdown.
06 Oct 2013, business.mega.mu