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Senate in spotlight as US on brink of possible default

Last Updated: Wednesday, October 16, 2013, 19:43

US lawmakers embarked on another day of high-stakes political brinkmanship Wednesday, battling to scrape together an eleventh hour deal to protect Washington`s battered financial standing.

US debt default imminent as frantic political attempts fail

Last Updated: Wednesday, October 16, 2013, 18:00

Frantic attempts to persuade House Republicans to lift the federal debt limit collapsed Tuesday night, leaving Washington careering toward a critical deadline of October 17 to raise the country's debt ceiling.

Obama rejects House Republican debt plan, shutdown continues

Last Updated: Tuesday, October 15, 2013, 22:09

Efforts to end the US government shutdown and avoid a debt default before the October 17 deadline remained elusive as the White House Tuesday dismissed the latest House Republican proposal to resolve the impasse, alleging it was tantamount to "ransom".