Washington's march toward a self-inflicted financial calamity is setting off alarm bells in capital cities around the world.
The law that caps federal borrowing must be raised asap. Here's what happens if it's not.
There's no precedent for a willful U.S. default on its legal obligations. So predicting the fallout is dicey. But many economists and budget experts expect it to be very damaging for the economy and markets.
|Obama's gift to Trump: A 'pretty solid' economy|
|American Airlines flight attendants want new uniforms recalled|
|Walmart agrees to $7.5 million settlement in same-sex discrimination suit|
|Kelly Ripa: Anderson Cooper is 'the one that got away'|
|Trump didn't save as many Carrier jobs as he claimed|