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.
|Wells Fargo CEO John Stumpf grilling by Congress: Round 2|
|FCC votes to upgrade emergency smartphone alerts|
|Samsung washing machine owners warned after explosion reports|
|Chipotle to pay 16-year-old nearly $8 million for 'outrageous' sexual assault|
|Mercedes unveils concept for electric lineup|