Thursday, 7 April 2011

Barack Obama Locked in Last Minute Budget Talks

THE DAILY TELEGRAPH: Barack Obama was locked in crisis budget talks with congressional leaders as the US faces the prospect of a costly government shutdown.

The shutdown would see 800,000 workers asked to stay at home and could cost taxpayers more than $100 million (£61 million) a day.

Mr Obama called for a “sense of urgency” as America sought to avoid the first shutdown since 1996 when Bill Clinton was president.

Failure to reach a deal by midnight on Friday would mean that Washington would essentially run out of money. » | Toby Harnden, Washington | Thursday, April 07, 2011