Frozen by shutdown, US warns of 'catastrophic' default
WASHINGTON (AFP) - President Barack Obama demanded an end on Thursday to a three-day government shutdown he decried as a reckless "farce," piling pressure on Republicans to climb down first on a budget impasse.
The US Treasury meanwhile warned of "catastrophic" consequences if there is no deal within weeks to raise the country's debt ceiling, and the IMF's chief said navigating a way out of that next crisis was "mission critical."
And late on Thursday the White House announced that because of the shutdown Mr Obama was scrapping plans to attend two summits next week in Asia - an APEC summit in Indonesia and an East Asia summit in Brunei. The tour had been designed to advance a central thrust of Mr Obama's foreign policy.
The trip had already been truncated, as Mr Obama cancelled tail-end stops in Malaysia and the Philippines.