Monday, May 16, 2011

Blood Vessels On Lips

Obama, worried about the debt limit


INFOBAE

The U.S. president warned that his country could face a new economic crisis if Congress not resolve the issue . warned that if investors begin to doubt, all financial system will suffer

Photo credit: Reuters

"If investors around the world believe that the full faith and credit of the United States are not supported, if they think we're going to default on our notes, that could derail the whole financial system, "Barack Obama told the television network CBS . "We would face a recession worse, and a financial crisis even worse than what we have already crossed " he said.

The White House and Republican opposition are locked in a battle about the limits sovereign debt and budget deficit U.S..

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