POLITICAL dysfunction around fiscal policy is a regular occurrence in the United States, with bouts of uncertainty over government shutdowns, debt ceiling increases, etc. The annoying thing for me is that, often, they take place when I have gone on holiday, and the shutdown that commenced last week was no exception! Such conflicts invariably arise because different political parties to the President control part or all of Congress. At present it's the Republican-controlled House against the Democrat-controlled Senate and President Barack Obama. Such conflicts seem worse lately because the GFC and the response to it seems to have polarised many politicians to extreme positions.
The current dispute...
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