The Obama administration has warned of "Armageddon-like" economic consequences if Republicans fail to approve an increase in the government debt limit.
http://www.theaustralian.com.au/news/world/warning-of-economic-armageddon/story-e6frg6so-1226038082514
http://www.theaustralian.com.au/news/world/warning-of-economic-armageddon/story-e6frg6so-1226038082514