Debt ceiling talks between Republican and Democratic leaders continued on Saturday. There has not been an agreement on terms to raise the $14.3 trillion debt ceiling. The debt ceiling must be raised by August 2nd or the U.S. would fall into default and financial markets may react negatively.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/07/16/us-usa-debt-idUSTRE7646S620110716
James Sutliff