Sentence examples for default on its borrowing from inspiring English sources

A Treasury spokesman said: "Any suggestion that Britain could default on its borrowing is wrong and irresponsible.

With a primary surplus, Greece no longer needs to borrow for itself; so it could now more easily default on its debt.

The White House is beginning to make emergency plans for the 2 August deadline to avoid the US defaulting on its borrowing for the first time in its history, a move that could throw the US and world economy into turmoil.

David Cameron today raised the stakes in the pre-election battle over government borrowing when he warned that Gordon Brown's anti-recessionary spending could lead to Britain defaulting on its debt.

If there is no agreement to raise the borrowing limit by mid-October, the government will not be able to issue more bonds and could default on its outstanding borrowing.

The Postal Service has already maxed out on its borrowing limit and expects to default next month on a $5.5 billion prepayment for employee health benefits.

Analysts and investors worry that a government shutdown this week would hit not just consumer and business confidence, but also make it more likely that the United States will default on its debt when it reaches its borrowing limit in about two weeks.

In the United States, investors were most concerned that a government shutdown this week could make it more likely that the United States will default on its outstanding debt when it reaches its borrowing limit in a little more than two weeks.

It would force the U.S. government to default on its debt by preventing it from borrowing to pay its existing bills.

If Scotland's first act as an independent country were to default on its debts, it would pay a lot more to borrow.

The federal government could default on its debt if it does not increase the amount of money it can borrow by October 17.