Impasse Perists Between Obama, Boehner on Budget

Rival political parties in Washington are continuing their rhetoric about government funding, raising worldwide concerns that the impasse may lead the United States to default on its debt for the first time in history. For the past week, U.S. President Barack Obama has been urging Republicans to stop jeopardizing the U.S. and global economy. Speaker of the House John Boehner has remained adamant that Democrats must modify the government spending plan to include more Republican preferences.