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While the president's political opponents hope the country will default, so they can blame him for it, the truth is that only one segment of the Republican party, the so-called "Tea Party" wing of the Republicans, wants and supports a default, based on what some of their members have repeatedly said. President Obama does not want such an outcome, nor do most members of congress. The question remains, however, whether the Tea Party will be able to exert so much influence that the congress will in fact be unable to reach a compromise before the US defaults on paying its bills for the first time in history.

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Q: What happens if President Obama fails to deliver on the default?
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