The Obama administration says a U.S. default would be “catastrophic.” Economists say it could plunge the country into recession and prompt a global financial meltdown.
Eager to exploit divisions among Republicans, Democrats have hammered the message that the U.S. government shutdown is the work of a small segment of House of Representatives Republicans on the far right.
Turkey has been trying for years to join the European Union, presenting itself as a growing economic and political power and a bridge to Asian and Middle Eastern markets.
For most Republicans in the House of Representatives, the only greater peril than shutting down the federal government would have been fighting to keep it open.
Europe's Greens have got the blues. The anti-nuclear environmentalist movement that burst into politics in the 1980s as a youthful third force has suffered a string of setbacks in Germany and France, raising questions over its future.
Somali Islamist militant group al-Shabab's attack on a shopping mall in the heart of the Kenyan capital has thrust it to the forefront of the global jihadist movement after years of internal feuding over the group's aims.
Money lenders trust America so implicitly that they generally dismiss the risk it won't pay its debts. But in the U.S. capital, fears are growing that political dysfunction might trigger the unthinkable.
The U.S. Chamber of Commerce has long used a small team of lawyers for the U.S. Supreme Court, seeing the top court as a key battleground for business interests.
Faced with the Obama administration's new crackdown on power plant emissions, the coal and electric utility industry is honing a legal strategy it believes could derail the measures.
Next week's U.N. General Assembly meetings will offer U.S. President Barack Obama a chance to extend a hand, both literally and figuratively, to new Iranian President Hassan Rouhani.