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(Image from article: "Obama blasts Boehner debt-ceiling bill, calls for bipartisan deal")

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Obama blasts Boehner debt-ceiling bill, calls for bipartisan deal

As the nation stood Friday on the edge of a historic default and markets sank amid grim economic news and the legislative chaos, President Obama called on both Democrats and Republicans to abandon their favored debt-ceiling plans and come together to find a last-minute deal.

S&P does not think U.S. will default on its debt

Standard and Poor's does not think the United States will default on its debt, the rating agency's president Deven Sharma said on Wednesday.

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