Deep disagreement in U.S. makes default conceivable: Financial Times

LONDON, May 18 (Xinhua) -- The depth of disagreement in the United States and so in Congress has made a voluntary default by the world's most important country possible, said an opinion piece in Financial Times on Tuesday.

The default could happen for two reasons, said Martin Wolf, chief economics commentator at the Financial Times. One reason is that the Republicans and the Democrats are far apart, while the other reason is that key participants lack the incentive to compromise, he said.