Sentence examples for default crisis from inspiring English sources

One is we are going to avoid a default crisis.

However critics believe this is just delaying a domestic debt default crisis for another year or two.

Mr. Obama has offered detailed proposals on the economy, for stemming the mortgage default crisis and channeling investment into activities that will generate new jobs.

In an unusual recognition of reality, House Republicans backed away on Wednesday from a chaotic default crisis and dropped their ruinous demand that spending be cut on an equal basis with a rise in the debt ceiling.

The idea seems to be that if the House GOP refuses to raise the debt ceiling, a default crisis or gradual government shutdown will ensue, and the public will turn en masse against.

Democratic negotiators decided that the automatic cut system, as bad as it is, was less of a threat to the economy than another default crisis, and many are counting on future Congresses to undo its arbitrary butchering.

He added: "The US has been central to previous default crises, particularly in Latin America, and it has made a lot of mistakes.

Past interventions by the IMF have included providing funds for countries caught up in the 1997 Asian financial crisis, and loans to help South American countries such as Argentina and Brazil stave off debt default crises.

If debt is the sole responsibility of the borrower, then the role of the lender in exacerbating the debt burden and setting countries up to default and crisis, as has been evident in Greece's financial meltdown, is undermined.

The selloff was triggered by Argentina's default, a crisis involving Portuguese lender Banco Espirito Santo, rising inflation and monetary tightening fears driven by a strong uptick in the U.S. employment cost index, and concerns about the U.S. stock market's high valuation.

He argued reasonably against the debt-ceiling default hostage crisis in the face of mounting oppositional insanity and a media that had decided that said insanity was just an interesting side of an important debate.