Congress is divided amid warnings of dangers to the world economy. The financial crisis deepened after President Barack Obama and House Speaker John Boehner accused one another of failing to negotiate to avert an unprecedented debt default early next week. Chiefs of the International Monetary Fund and credit rating agencies such as Standard & Poor's and Moody's warned they will downgrade the United States' top credit rating if an agreement isn't reached by Tuesday. Also on Tuesday the Arab League will meet in Cairo at the request of President Mahmoud Abbas due to a funding crisis causing them to be unable to pay employees salaries. A funding crisis crippling the West Bank government is due to pledged aid by the Arab League not materializing. PA staff receive half-pay until funds arrive, if the crisis continues the government will take additional austerity measures. See http://english.aljazeera.net/news/americas/2011/07/2011726172640853156.html

Pray: for God to give his wisdom to the nations who have chosen to spend beyond their means. (Pr.21:1)

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