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He suggested rather cryptically that Australia could "end up in a position where Australia refuses to increase its debt ceiling".
If Congress refuses to increase the legal limit on the amount of debt outstanding, the Treasury will be unable to pay its bills.
And Mr Montoro refuses to increase sales tax.As jobs return, a virtuous cycle of improved confidence, consumer spending and faster growth could begin.
Norimitsu Onishi (NYT) MOZAMBIQUE: WAGE PROTEST The country's largest trade federation threatened to hold a three-day strike this week if the government refuses to increase the minimum wage.
SO THE US Congress has agreed on a way of funding the highway trust fund, the scheme that fixes the potholes and the bridges (and should be funded by a tax on petrol, but Congress refuses to increase that tax).
But Mr. Obama, who to date has suggested few specifics, would raise fewer new revenues than Bowles-Simpson because he refuses to increase taxes on those who make less than $250,000 annually, though many economists say all Americans will have to pay more eventually.
Similar(52)
Town officials refuse to increase the salaries further.
The story that emerged shows Ashley refusing to increase productivity by investing in new technology.
Most importantly they bank the extra profit and refuse to increase investment.
He refused to increase his bid, and Universal Music won the auction, at $1.9 billion.
But on Saturday, while agreeing to continue the lifeline, they refused to increase it.
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