using the debt ceiling

Update news using the debt ceiling

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.

Bernanke urges Congress to lift debt ceiling

 US Federal Reserve Chairman Ben Bernanke on Monday urged Congress to raise the nation's borrowing limit as Democrats and Republicans battle over the federal budget.