Congress must raise the limit or the government will default.

Capital is fleeing because investors fear the Government will default.

Yet the broad market was under pressure as investors worried that the Government might default.

"Brazil's government will not default on its external obligations to save $5 billion per year," he said.

The government defaulted on funding and construction costs soared over budget.

But Argentina's bonds, on which the government has defaulted, declined 66.9 percent in value.

The government then in power here defaulted on most of its $141 billion in public debt.

You are assuming there would be no consequences for Greeks if their government defaulted.

That year, oil prices plunged, interest rates soared, and the government defaulted on its debt.

"The Government has defaulted in its responsibility to educate the public about legalization," he said.