Bowing to the reality that the impasse requires him to remain in Washington, Obama canceled plans to attend summits in Indonesia and Brunei next week.
WASHINGTON: House Republicans huddled on Friday to plot
their next move on the fourth day of a US government shutdown that many fear will drag on until bickering Washington politicians reach a deal to raise the debt ceiling and avoid a default.
Even the possibility of the United States defaulting on its financial obligations for the first time in history has rattled financial markets and prompted warnings that such a move could derail the still fragile economic recovery.
Bowing to the reality that the impasse requires him to remain in Washington, US President Barack Obama canceled plans to attend summits in Indonesia and Brunei next week. Earlier this week, he canceled visits to Malaysia and the Philippines because of the shutdown.
Even the possibility of the United States defaulting on its financial obligations for the first time in history has rattled financial markets and prompted warnings that such a move could derail the still fragile economic recovery.
Bowing to the reality that the impasse requires him to remain in Washington, US President Barack Obama canceled plans to attend summits in Indonesia and Brunei next week. Earlier this week, he canceled visits to Malaysia and the Philippines because of the shutdown.
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