MUMBAI, India -- Asian markets were weaker today after heated political rhetoric from the
U.S. raised worries that the partial shutdown of the American government
could bring the world's largest economy close to defaulting on its
Investor anxiety has risen as the U.S. budget impasse between Republicans and the White House drags on.
On Sunday, Republican House of Representatives Speaker John Boehner ruled out a vote on a straightforward bill to raise the government's borrowing authority without concessions from President Barack Obama before an Oct. 17 deadline, moving closer to the possibility of default.
Benchmark crude oil fell but remained above $103 per barrel. The dollar fell against the euro and the yen.