Thursday 24 January 2013

Analysis: Debt limit bill gives political cover to both parties

U.S. President Barack Obama talks with Speaker of the House John Boehner (R-OH) at the conclusion of the Inaugural luncheon in Statuary Hall after his ceremonial swearing in at the U.S. Capitol on Capitol Hill in Washington WASHINGTON (Reuters) - Previous budget dramas in Washington produced bargains that made it look like Congress was making great strides, without actually doing so. Wednesday's vote by the Republican-controlled U.S. House of Representatives to extend the government's borrowing power until May 19 was no different. It temporarily removed a hazard - a potential default within the next month - that only existed because Republicans created it. ...




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