Crippled by losses on policies insuring investors against default on exotic financial products, the firm had less than 48 hours to find sufficient cash to meet a rash of contractual obligations.

与那些奇怪的金融产品违约相比，投资人的保单损失更为致命，为了应付延续的合约义务，该公司当时只有不到四十八小时时间筹集足够的现金。

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But investors fear that Iceland's tiny Treasury can't back its Banks' obligations and that the country might default on its sovereign debt.

但投资者担心，冰岛弱小的国库无法承担银行的负债，冰岛可能拖欠主权债券。

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And we agree that we simply cannot afford to default on our national obligations for the first time in our history; that we need to uphold the full faith and credit of the United States of America.

我们还都认识到我们不能承担历史上第一次推脱国家义务的责任；我们需要坚定信念，为美利坚合众国的未来赢得信誉。

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"A default on obligations to the banks or the Fund or the Asian Development Bank would complicate the situation enormously, " said Fischer.

CNN: Bracing for a Default

But we remain absolutely confident that the United States will not for the first time default on its obligations or risk default on its obligations, that Congress will act appropriately.

WHITEHOUSE: Press Briefing

So we remain very focused on the fact that we must make this vote and we must raise the debt ceiling because we cannot, as the United States of America, fail to fulfill our obligations, default on our obligations.

WHITEHOUSE: Press Briefing