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US shutdown: Uncertainty looms large over economy

Washington: US is appearing to be heading towards a financial default, which economists warned will have cascading impact on the global economy, as the Congress failed to make a headway in impasse over raising the country's debt ceiling before the deadline of October 17.

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US shutdown: Uncertainty looms large over economy

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  1. US shutdown: Uncertainty looms large over economy as stalemate continues Washington: US is appearing to be heading towards a financial default, which economists warned will have cascading impact on the global economy, as the Congress failed to make a headway in impasse over raising the country's debt ceiling before the deadline of October 17.

  2. Senate Majority Leader Harry Reid checks his watch after a news conference at the Capitol in Washington, October 3, 2013

  3. Photo  21 / 35 Senator Rand Paul departs after a photo opportunity where he invited fellow legislators to have coffee on the steps of the Capitol during the government shutdown in Washington, October 3, 2013.

  4. House Speaker John Boehner (R-OH) walks from a meeting with U.S. President BarackObama, House Minority Leader Nancy Pelosi (D-CA), Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell (R-KY) outside the West Wing of the White House, October 2, 2013. 

  5. Senator Rand Paul talks with Senator John Barrasso and Senator Johnny Isakson during a photo opportunity where Paul invited fellow legislators to have coffee on the steps of the U.S. Capitol during the government shutdown in Washington, October 3, 2013. 

  6. CIA Director John Brennan wipes his face as he waits for his SUV to take him from the West Wing of the White House, October 2, 2013. REUTERS/Jason Reed

  7. U.S. House Majority Leader Eric Cantor refers to the closed memorials and museums on the National Mall as he and Representative Cathy McMorris Rogers lead House Republicans in a news conference at the U.S. Capitol in Washington, October 2, 2013. REUTERS/Jonathan Ernst

  8. A teleprompter used by President Obama to deliver remarks on the implementation of the Affordable Care Act is shown among White House staff and journalists is seen in the Rose Garden of the White House, October 1, 2013.

  9. Senate Majority Leader Harry Reid talks to reporters as he departs a news conference at the U.S. Capitol in Washington, October 2, 2013.

  10. Representative Paul Ryan and House Majority Leader Eric Cantor lead a news conference with fellow members of a conference committee they proposed to the Democratic-controlled senate over the current budget impasse at the U.S. Capitol in Washington, October 1, 2013.

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