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U.S. failure to raise debt ceiling could have serious global consequences: OECD chief
Failure to raise the U.S. debt ceiling could have harsh economic consequences worldwide, Angel Gurra, secretary general of the Organization for Economic Cooperation and Development (OECD), warned Thursday.
Obama warns Republicans against debt showdown
President Barack Obama warned Republicans against using the debt ceiling as a "bargaining chip," saying a failure to raise it would sow financial chaos and send markets into a tailspin.
