WASHINGTON — Warnings that the United States is playing chicken with a debt default came thick and fast Wednesday, but in Washington politicians appeared no closer to avoiding the unthinkable.
(Reuters) - U.S. Treasury Secretary Timothy Geithner told Congress he would start tapping into federal pension funds on Monday to free up borrowing capacity as the nation hits the $14.294 trillion legal limit on its debt.
WASHINGTON (Reuters) - The White House took a dim view on Tuesday of Republicans' demand that President Barack Obama accept more than $2 trillion in spending cuts in exchange for their agreement to raise the $14.3 trillion U.S. debt limit.
(Reuters) - The top Republican in the Congress on Monday laid down a tough new yardstick in talks over the nation's debt, telling Wall Street that spending cuts must exceed any boost to the U.S. borrowing limit.
