Debt Deal | featured news

China Criticizes Washington for Debt Deal, But Continues to Invest in U.S.

China’s official news agency, Xinhau, which often voices the true feelings of the country’s political elite, described the recent battles over the Washington debt deal as a “madcap farce of brinkmanship”

 

Debt drama takes political toll on Obama

The president is the most visible symbol of what voters see as a badly dysfunctional government. Some Democrats say he could have negotiated better. Though he succeeded in staving off a historic default, President Obama emerges from the debt talks in a weakened political position with limited influence over a divided Congress.

 

Fitch keeps U.S. AAA rating, review ongoing

Fitch Ratings said on Tuesday the agreement to raise the borrowing capacity of the United States means the risk of a sovereign default is "extremely low" and commensurate with a AAA rating.

 

The debt deal and Obama’s 2012 problem

The story is that as Mark Twain and novelist William Dean Howells stepped outside one morning, a downpour began and Howells asked Twain, “Do you think it will stop?” Twain answered, “It always has.” The debt-ceiling impasse has, as things generally do, ended, and a post-mortem validates conservatives’ portrayal of Barack Obama and their dismay about the dangers and incompetence of liberalism’s legacy, the regulatory state.

 

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