The White House clashed again on Sunday with congressional Republicans over a plan to raise the federal debt ceiling, even as both sides acknowledged that failure to agree could rock global financial markets this week.
“We may have a few stressful days coming up – stressful for the markets of the world and the American people,’’ Bill Daley, White House chief of staff, told CBS on Sunday.
Both the Republican congressional leadership and the White House said rapid agreement was needed to prevent a potential loss of confidence in US assets, but continued to push their own solutions.
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