US debt deadlock: Cable attacks US 'right-wing nutters'

Business secretary Vince Cable has hit out at what he described as "a few right-wing nutters" holding up a deal to cut US government debt.

Speaking on the BBC's Andrew Marr Show, Cable called them "a few right-wing nutters in the American Congress". Unless a deal on Capitol Hill is agreed before 2 August, the US Treasury could run out of money to pay its bills. A provisional deadline of the opening of Asian markets this morning was missed as US lawmakers failed to reach agreement. In early trading on Monday, Asian stocks fell more than 82 points, or 0.81%, to 10,050. Cable said the crisis represented a bigger risk to global markets than the continuing debt woes in the eurozone. US President Barack Obama wants to...