US shutdown: Barack Obama warns of default danger - US President Barack Obama has warned that Wall Street should be concerned that a conservative faction of Republicans is willing to allow the country to default on its debt. The US government has partially closed after Congress failed to agree a budget and will run out of cash on 17 October unless its debt ceiling is raised. In a TV interview on Wednesday, Mr Obama said he was "exasperated".

http://www.bbc.co.uk/news/world-us-canada-24375591