Wednesday, January 2, 2013

Analysis: In era of gridlock, Congress "created a monster"

U.S. Capitol Building stands in WashingtonWASHINGTON (Reuters) - Setting a looming deadline to avert self-created calamity has become a frequent device for the U.S. Congress to get things done in recent years. When all else fails, as it often does, it's supposed to frighten members into action. That was the idea when Congress created the "fiscal cliff" in August, 2011 to resolve a partisan struggle, also with a deadline and also self-created, over raising the federal debt ceiling. ...


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