World Bank president says US default would be 'disaster'

The president of the World Bank has warned that the United States is just "days away from a very dangerous moment" caused by the ongoing partial shutdown of the government.

Due to the spectre of America defaulting on payments if an agreement is not reached, Jim Yong Kim has predicted, the world is heading for an economic disaster.

US Commerce secretary Penny Pritzker has since suggested that the US 'will pay it's bills' and resolve the crisis.

Also, according to recent reports, the democrats are willing to negotiate on anything in order to resolve the issue at hand.

The democrat's Harry Reid have said that conversations are cordial since talks have been going on in Washington to try and fix the dispute between the Republicans and Democrats.