Tags: US shutdown
US moves closer to default possibility
The United States of America had moved closer to reaching a first ever default on the nation's debt after House Speaker John Boehner ruled out a straightforward bill to increase the country's borrowing limits without approval from the US President, said The Economic Times report.
No signs to end US shutdown as it starts its first day
The US government shutdown had started its first day after 17 years after US President Barack Obama and congressional Republicans failed to settle the budget issue before the deadline on Tuesday, said a Reuters report.
Delays and furloughs to be expected during a US shutdown
A waging battle on budget between Democrats and Republics was held last October 1 that was seen to threaten a government shutdown.
