WASHINGTON (AP) — Riven by partisanship, the Republican-controlled House passed legislation Friday night to prevent a threatened government default and bundled it off to a swift and certain defeat in the Senate.
"We are almost out of time" for a compromise, warned President Barack Obama as U.S. financial markets trembled at the prospect of economic chaos next week.
The final outcome — with the White House and Senate Democrats calling for compromise while criticizing Republicans as Tuesday's deadline drew near — was anything but certain.
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