US debt crisis

Jul 31, 2011, 13:27 PM IST
Senate Majority Leader Harry Reid (D-NV) speaks during a joint news conference with Sen. Charles Schumer (D-NY)(L) and Senate Majority Whip Dick Durbin (D-IL) (R) on the Republican Filibuster of Reid's debt plan on Capitol Hill in Washington July 29, 2011.
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Senate Majority Leader Harry Reid (D-NV) speaks during a joint news conference with Sen. Charles Schumer (D-NY)(L) and Senate Majority Whip Dick Durbin (D-IL) (R) on the Republican Filibuster of Reid's debt plan on Capitol Hill in Washington July 29, 2011.

US House Speaker John Boehner (R-OH) (L) and Senate Minority Leader
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US House Speaker John Boehner (R-OH) (L) and Senate Minority Leader

House Speaker John Boehner (R-OH) (L) and Senate Minority Leader Mitch McConnell (R-KY) (R) speak at a news conference about the US debt ceiling crisis at the US Capitol in Washington July 30, 2011.
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House Speaker John Boehner (R-OH) (L) and Senate Minority Leader Mitch McConnell (R-KY) (R) speak at a news conference about the US debt ceiling crisis at the US Capitol in Washington July 30, 2011.

Senator Charles Schumer (D-NY) (R) talks with Senator Bernie Sanders (D-VT) (2nd R) as the Congress tries to hammer out a solution to the looming debt ceiling crisis at the US Capital in Washington July 30, 2011.
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Senator Charles Schumer (D-NY) (R) talks with Senator Bernie Sanders (D-VT) (2nd R) as the Congress tries to hammer out a solution to the looming debt ceiling crisis at the US Capital in Washington July 30, 2011.

Senate Majority Leader Harry Reid (D-NV) speaks during a joint news conference with Sen. Charles Schumer (D-NY)(L) and Senate Majority Whip Dick Durbin (D-IL) (R) on the Republican Filibuster of Reid's debt plan on Capital Hill in Washington July 29, 2011.
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Senate Majority Leader Harry Reid (D-NV) speaks during a joint news conference with Sen. Charles Schumer (D-NY)(L) and Senate Majority Whip Dick Durbin (D-IL) (R) on the Republican Filibuster of Reid's debt plan on Capital Hill in Washington July 29, 2011.

House Speaker John Boehner walks to his office during the House voting on Budget Control Act on Capital Hill in Washington July 29, 2011.
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House Speaker John Boehner walks to his office during the House voting on Budget Control Act on Capital Hill in Washington July 29, 2011.

An investor looks at stock prices at a bank in Kuala Lumpur. Asian stocks nose-dived Monday as the first-ever downgrade of the US government's credit rating jolted the global financial system, reinforcing fears of a rapid slowdown in economic growth.
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An investor looks at stock prices at a bank in Kuala Lumpur. Asian stocks nose-dived Monday as the first-ever downgrade of the US government's credit rating jolted the global financial system, reinforcing fears of a rapid slowdown in economic growth.

An investor looks at stock prices at a bank in Kuala Lumpur. Asian stocks nose-dived Monday as the first-ever downgrade of the US government's credit rating jolted the global financial system, reinforcing fears of a rapid slowdown in economic growth.
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An investor looks at stock prices at a bank in Kuala Lumpur. Asian stocks nose-dived Monday as the first-ever downgrade of the US government's credit rating jolted the global financial system, reinforcing fears of a rapid slowdown in economic growth.

Currency traders monitor exchange rates at the Korea Exchange Bank headquarters in Seoul, South Korea.
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Currency traders monitor exchange rates at the Korea Exchange Bank headquarters in Seoul, South Korea.

Rudalf Oultz watches display boards relay news at the Australia Stock Exchange in Sydney.
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Rudalf Oultz watches display boards relay news at the Australia Stock Exchange in Sydney.

A man walks past a screen displaying the Hong Kong stock index's movement at a securities firm in Hong Kong.
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A man walks past a screen displaying the Hong Kong stock index's movement at a securities firm in Hong Kong.

Indian stockbrokers react as they monitor share prices during intraday trade at a brokerage firm in Mumbai .
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Indian stockbrokers react as they monitor share prices during intraday trade at a brokerage firm in Mumbai .

A man walks past a display of pictures of U.S. dollar bill and others outside a money exchange outlet in Bangalore.
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A man walks past a display of pictures of U.S. dollar bill and others outside a money exchange outlet in Bangalore.