Obama to hold news conference before Monday’s debt talks - The Washington Post
There's a historic default looming and a fragile economy that's increasingly vulnerable to the consequences of Washington’s divide over taxes and entitlements. Negotiations on Sunday failed to forge agreement on the debt ceiling, leaving talks on the subject deadlocked. With just three weeks remaining before what economists warn will be the beginning of a grave economic situation that could have disastrous consequences for the U.S. economy, Obama told the group to expect to meet daily until a deal is reached.
Read more about the debt ceiling and how it could boomerang into the international economy.
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