Officials cite concern over risk of U.S. default

09/24/2013 | Reuters · Bloomberg · USA Today

Officials in Washington, D.C., are worried that hardening political deadlock over the budget brings a genuine risk that the government will default on debt. Many are concerned that talk in Congress about the ability to manage a default, rather than avert one, means that chances for a compromise are slipping away. "I am nervous by the desire to drive this to the last minute," Treasury Secretary Jack Lew said at a business forum.

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