DEFAULT

AP

Let Greece Default

There is no rescuing Greece. If the country will not submit to regulations that people like Mark Carney would probably endorse, better that it not be propped up. Let it abandon the euro and revert to the drachma, until it comes to terms with itself.
AP

US Treasury Secretary: 'Unthinkable' US Would Default On Debt

WASHINGTON - Treasury Secretary Timothy Geithner (GYT'-nur) says congressional leaders are putting together a framework for raising the nation's debt limit with a goal of announcing a deal before Asian markets open Sunday afternoon.US officials worry that a lack of significant progress on the debt ceiling and other debt issues would roil worldwide markets when they open for business.