US banks, funds file against Argentina remedy

Christmas in August

Argentina's President Cristina Fernandez delivers a speech during a ceremony to commemorate the Sovereignty Day in San Pedro, Argentina, Tuesday, Nov. 20, 2012. Fernandez faced on Tuesday a nationwide strike led by union bosses who once were her most steadfast supporters. (AP Photo/Raul Ferrari,Telam)Argentina is running out of wiggle room in a billion-dollar showdown over foreign debts left unpaid since the country's world-record default a decade ago, and the stakes couldn't be higher for President Cristina Fernandez.

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