Obama calls emergency talks with top lawmakers

US President Barack Obama called an emergency meeting with top legislators on Saturday after Republican House Speaker John Boehner pulled out of talks on raising the country's debt ceiling. With an August 2 deadline fast approaching, Obama warned that global markets would be harsh in their judgement if there is no deal on increasing the 14.3-trillion-dollar (10-million-euro) cap. ... http://www.euronews.net/