The US debt ceiling deal is an ideal compromise – not only does it please no-one, it does not address the issues it was meant to solve in any terms, neither the Right’s concern about US public debt, nor the Left’s demand that taxes on the rich be raised.
US economy
Video of the Day: The debt ceiling rap
A whopping US$14 trillion debt, but rappers still need their Cristal champagne.
US needs rehab from its debt addiction
Looking at the spending habits of the US is more reminiscent of a Latin American dictatorship circa 1980 rather than a leading Western democracy, writes Larry Elliott.
Crikey wrap: US debt-ceiling deal done
Crikey media wrap: The deal is sealed: Barack Obama made a special Sunday night announcement that a debt-ceiling plan had been agreed on and signed off by both party leaders.
New Yorker cartoonists solve the debt crisis
The Republicans and the Democrats can’t seem to negotiate a deal to resolve the debt-ceiling in the US. But surely the cartoonists from the New Yorker can?
podcast Canberra Calling: The chaff bag in the Tasman Sea podcast
This week, Crikey’s Canberra Correspondent Bernard Keane and Crikey deputy editor Jason Whittaker talk about extremism in public debate; such as Republicans taking US to brink of default, wild claims about the carbon price, why Gillard gets so much abuse and the declining trust in media.
Media briefs: Murdoch back to business … the bad review worth £65k …
The News of the World scandal that has embroiled the Murdoch family is almost Shakespearean. Likewise, the writing about the scandal has been, at times, Shakespearean. Except maybe when they get Shakespeare wrong. Plus, other media news.
Raising the roof: US tax hikes, spending cuts will solve woes
What would solve America’s debt crisis? A sensible program of tax increases and spending cuts, combined with modest, long-term social security reform.
Your Say: Daily Mail readers' feedback: US debt: Americans have only themselves to blame
Crikey readers have their say.
US recession wedges wealth gap between whites and minorities
The “Great Recession” in the US has impacted everyone, but new data is showing that it’s African-American and Hispanic communities that are the most disadvantage from the economic drop.
No reason or evidence will cure US of its debt fetish
If the United States Congress refuses to raise the government’s $14.3 trillion debt ceiling by August 2, the Obama administration will be forced to put American finances on a more stable path, writes Adam Creighton.
Obama nears debt-ceiling deal with Republicans
The US has only until August 1 to re-negotiate its debt ceiling before it fails to meet repayments. Rumours are circulating that President Obama and the Republican House Speaker John Boehner may have nearly finalised a deal.
How I got a job in the middle of a national recession
A collection of Slate readers explain how they managed to cope with long-term unemployment during a recession by finding smart techniques to get hired again.
Maley: US banks flailing in a sea of misery
Disappointing profit results released overnight highlight the struggle US banks are facing, writes Karen Maley.
Maley: will the US doff its debt cap?
Could this be the week when global investors start to get seriously worried about the looming August 2 deadline for raising the US debt ceiling? asks Karen Maley.
Debt ceiling debate causes spillage in Tea Party
The debate about whether to increase America’s $14.3 trillion debt ceiling has caused the first major split inside the Tea Party. Some activists believe the vote will be an “us and them” moment of defining truth, writes Patricia Murphy.
