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Debt deal remains elusive as Aug 2 default deadline nears

By Steven R. Hurst | China Daily | Updated: 2011-07-28 07:45

With only days to go, Congress still clashing over details

WASHINGTON - The US Congress remained dangerously split on Wednesday in the face of an unprecedented American default on its debt in just six days, as Republicans clashed with Democrats - and with each other - over raising the federal cap on borrowing.

World stock markets watched nervously for a feared downgrade of the United States triple-A bond rating, shedding value across the board.

Debt deal remains elusive as Aug 2 default deadline nears

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