Sentence examples for the edge of defaulting from inspiring English sources

And it was the Republican Party that took the United States to the edge of defaulting for the first time in its history, risking world financial chaos.

AT LEAST the panic of the spring, when Greece was on the edge of default, has receded a bit.

That pledge is the single biggest reason the federal government is now on the edge of default.

"This is yet another example of Congress trying to force my hand… Unfortunately, [it] consistently brings the government to the edge of default before facing its responsibility".

In an editorial last week, the Times called the pledge "the single biggest reason the federal government is now on the edge of default".

The last time Greece was teetering on the edge of default was 2010, when it owed money to lots of foreign banks.

BNP, a french bank, faces huge fines in the US, global capital spending declines and Argentina veers on the edge of default.

In an address to the nation in 1987, President Reagan said, "Unfortunately, Congress consistently brings us to the edge of default before facing its responsibility.

Analysts said it was clear Athens's close call with bankruptcy had begun to focus minds as public coffers have emptied in recent weeks, sending the country skating close to the edge of default.

In 1995, with Mexico teetering on the edge of default and threatening to take down much of Latin America with it, the Clinton Administration conjured up a back-door twenty-billion-dollar loan bailout that stabilized the Mexican economy.

That is the "debt trap" that is dragging down Greece, Portugal and other European countries, and it is the cycle that is pushing Spain and especially Italy to the edge of default.