TOPWRAP 3-Obama says worst over, but debt fears roil markets

Newswire

* Obama says U.S. economy "back from the brink" * Shares, bonds fall after debt fears hit Treasuries * General Motors closer to bankruptcy as bond swap fails * Talks on sale of GM's Opel falter, Germany blames U.S. * S&P upgrades New Zealand sovereign outlook after budget (For more on the global crisis click [nCRISIS]) By Andrew Marshall SINGAPORE, May 28 (Reuters) - Concerns about the debt burden facing countries trying to spend their way out of the economic downturn spooked ...

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