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Washington needs to prove its political system still works

A bipartisan political approach on debt-ceiling and deficit can help US minimise lasting damage to economy, restore its image
Wednesday, October 23, 2013 - 06:00

THE United States, as we have frequently been reminded in recent days, still belongs to a small club of nations that in modern times have never intentionally defaulted on their debts. But to understand the short and long-term effects of its government's recent brush with financial Armageddon, it