The Peterson Dilemma: When Do The Questions Of ‘now’ Demand Revisiting The Answers Of ‘then’?

The White House and Republicans in Congress are scrambling to agree on a deal to raise the U.S. federal borrowing limit, with President Barack Obama warning in his starkest terms yet Monday that the U.S. is on the brink of a default that could trigger an economic upheaval. Follow developments in Washington and reaction globally here.

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