WASHINGTON (AP) — Testy lawmakers and President Barack Obama headed back for a fifth day of debt-limit negotiations Thursday, pointing fingers at each other while trying to stave off a government financial default. No "hallelujah moment" was likely by day's end, White House spokesman Jay Carney said, with Friday shaping up as an important decision day.
As the negotiations entered a perilous endgame. Federal Reserve Chairman Ben Bernanke warned of economic damage and an anxious Wall Street envisioned catastrophe if the U.S. defaulted on its obligations.
As legislators squabbled, Treasury Secretary Tim Geithner served notice there was no finessing the Aug. 2 deadline for solving the debt crisis.
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