And Chancellor Merkel, is Europe concerned about the possibility of the U.S. defaulting on its debt?
WHITEHOUSE: President Obama and Chancellor Merkel Press Conference
Japan's giant trading houses, for example, worry about Indonesia defaulting on its debt to them, leading to casualties.
Edelman was even being sued for allegedly defaulting on the lease of a Manhattan town house.
So defaulting on our obligations is a reckless and irresponsible outcome to this debate.
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America is now in serious risk of defaulting on our debt because we cannot reason together.
Defaulting on their bonds would have triggered the worst financial meltdown since the Great Depression.
This is a matter of the United States meeting its obligations, not defaulting on its obligations.
Despite 24% unemployment, Spanish households have an excellent record of not defaulting on residential mortgages.
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Boehner said months ago that defaulting on US debt was not going to happen.
And he has scrapped earlier talk of defaulting on debts or reversing Mr Cardoso's privatisations.
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With home prices now flat or falling, though, more borrowers are defaulting on their mortgages.
Not doing so would eventually lead to defaulting on Treasury bonds, a potentially catastrophic event.
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The country is considered to be at risk of defaulting on its foreign debt.
We will penalise you by defaulting on your debts but not on debts to official creditors.
Treasury officials say they have until Aug. 2 before the country could begin defaulting on its debt.
Defaulting on those obligations, including coupon payments to bond holders, would cause severe hardship for the US economy.
It is easy to forget the fundamental problem in the economy that started the crisis: homeowners defaulting on mortgages.
Mr Sen's company has been accused of collecting deposits from investors promising attractive returns and then defaulting on payments.
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As far as a defaulting on US Treasurys, no one believes the US will need to go that far.
Steelmakers have been defaulting on their obligations to purchase iron ore, a sure sign production will tumble soon.
Reports of Kingfisher defaulting on aircraft lease payments emerged which the company denied.
The U.S. defaulting on its debt obviously would have serious consequences and it is not something we should take likely.
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Likewise the threat of junk-rated companies defaulting on their debt has started to subside from the levels feared last year.
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Defaulting on its debt, especially when the majority of it is held by its own citizens, is a political impossibility.
Having Greece return to the Drachma and defaulting on their debt through devaluation and money printing is a much worse option.
Banks benefited over the past year from a decrease in consumers defaulting on mortgages, auto loans, revolving loans and credit cards.
And the result is what we have today - more people defaulting on their credit cards and delinquencies rising as well.
In late September it asked its creditors for a six-month moratorium on repayments in return for not defaulting on its interest.
The consequences of defaulting on our obligations for the first time in the history of this country would be serious and unpredictable.
The market know that Greece, in some form, will be essentially defaulting on much of its debts, and is still treking higher.
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