US DEFAULT

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Debt Default 'A Pure Act Of Idiocy'

OMAHA, Neb. - Billionaire Warren Buffett said Wednesday it would be idiocy for the nation's leaders to allow the United States to default on its bills.Buffett is a renowned investor who leads the Berk...
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.