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Obama: “This time’s different. I think they should be concerned”

Business quote of the day.

New Statesman
Photograph: Getty Images

“Democracy’s messy. But when you have a situation in which a faction is willing potentially to default on US government obligations, then we are in trouble” Obama told US television.

The US government has been shut down for two days over talks to extend America's borrowing limit, which currently stands at $16.7 trillion.