Photo detail

Money traders work under a screen flashing the U.S. dollar against the Japanese yen at a foreign exchange market in Tokyo, Monday, July 25, 2011. Markets around the world were watching nervously as congressional Democrats and Republicans struggled through another day of difficult talks but failed to agree on cutting U.S. spending and raising the debt limit, a necessary measure to prevent an unprecedented Aug. 2 default.

Stories this photo appears in:

Tease photo

Rival plans ensnarl Congress over debt ceiling

Rival Democratic and Republican plans to raise the government’s borrowing ability have thrust Congress into a standoff just one week away from a potentially devastating debt crisis. President Barack Obama made a last ditch call for compromise, but House Speaker John Boehner said negotiations with the White House had been futile.

Comments

Use the comment form below to begin a discussion about this content.

Please review our Policies and Procedures before registering or commenting

News Tribune - comments