Obama warns of US default danger

Source BBC News@ tienganhvui.com

2 October 2013 Last updated at 16:36 ET

US President Barack Obama has warned Wall Street should be concerned that a conservative faction of Republicans are willing to allow the country to default on its debt.

He said he would not hold budget talks with Republicans until they allow the US government to reopen and pass a bill to raise the US borrowing limit.

He said he was "exasperated".

The US government closed non-essential operations on Tuesday after Congress failed to reach a new budget deal.

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