Hours from debt deadline, US pins hope on Senate exit strategy | Bangkok Post: news

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Hours from debt deadline, US pins hope on Senate exit strategy

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The United States Wednesday stood hours from a fateful fiscal deadline, with a chaotic political standoff threatening to trigger a debt default and rock the global economy. 

A Congressional staffer brings in a cart full of pizzas at the US Capitol as both the Senate and House work on a deal to stop the government shutdown and avoid the country from defaulting October 15, 2013

Hopes that Congress would agree to raise the government's borrowing authority as required by midnight (0400 Thursday) rested with last gasp talks in the Senate -- with America's top notch credit rating on the line.

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