To the Point
Deadlock on Capitol Hill
The US is advancing toward the once-unthinkable prospect of default by next Tuesday, August 2, unless it turns out to be August 10 instead. While President Obama talks about "compromising" on a Big Deal, including new revenue, he's threatened to veto the Republicans' plan and Republicans won't vote for a Democratic alternative.
By Warren Olney • • 1 min readThe US is advancing toward the once-unthinkable prospect of default by next Tuesday, August 2, unless it turns out to be August 10 instead. While President Obama talks about "compromising" on a Big Deal, including new revenue, he's threatened to veto the Republicans' plan and Republicans won't vote for a Democratic alternative. Sarah Palin is the latest Republican to accuse the President of "fear mongering," but the head of the IMF says US default would be "very, very, very serious." In the midst of all the uncertainty, are both parties playing with economic disaster? Is it really all about next year's elections?
The full episode
2 of 3
Debt Showdown: Playing Politics with the US Economy- 0:00Intelligence Officials Say al Qaeda near Collapse
- 7:24Deadlock on Capitol HillYou’re reading this
- 43:31Thirteen Million Affected by Famine in East Africa
The full episode
2 of 3Debt Showdown: Playing Politics with the US Economy- 0:00Intelligence Officials Say al Qaeda near Collapse
- 7:24Deadlock on Capitol HillYou’re reading this
- 43:31Thirteen Million Affected by Famine in East Africa