US inches towards default deadline

Economic powerhouse may face prospect of plunging back into recession if political standoff continues.

    Barack Obama has cautioned that no area can be off-limits when it comes to tackling the country's record budget deficit despite Republicans' protests.

    On Saturday the US president said any plan to deal with the country's $14.3tn debt must include an end to tax breaks for the wealthy.

    Al Jazeera's Tom Ackerman from Washington DC.

    SOURCE: Al Jazeera


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