Flaherty Debt Default

Flaherty 'Very Concerned' About Debt Crisis

CP | Mark Brownlee, The Canadian Press | Posted 09.25.2011 | Canada Politics

BURLINGTON, Ont. - Finance Minister Jim Flaherty said Tuesday that he is "very concerned" about the debt crisis in the United States, warning that Canada would feel an impact if Washington defaulted on its loans.

But Flaherty also said he believed that U.S. legislators would reach an agreement allowing Washington to raise its debt ceiling before the Aug. 2 deadline.