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Lawmakers snipe, Wall St. frets as deadline nears

Testy lawmakers pointed fingers at one another and President Barack Obama on Thursday as negotiations over raising the national debt limit entered a perilous endgame. Wall Street eyed the standoff with growing anxiety, warning of catastrophe if the U.S. defaults on its obligations.

By Jim Kuhnhenn | Updated on July 14, 2011
Sen. Charles Schumer, D-N.Y., pauses during a news conference about the debt limit, Thursday, July 14, 2011, on Capitol Hill in Washington. (AP Photo/Evan Vucci)

WASHINGTON (AP) — Testy lawmakers pointed fingers at one another and President Barack Obama on Thursday as negotiations over raising the national debt limit entered a perilous endgame. Wall Street eyed the standoff with growing anxiety, warning of catastrophe if the U.S. defaults on its obligations.

Obama’s blunt declaration that “enough is enough” as Wednesday’s talks ended did nothing to quell the rancor as a new day of positioning and posturing began.

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