budgetary policy

usa y europa1

Dysfunctionality in both sides of the Atlantic

MADRID | By JP Marin Arrese | In the aftermath of the last minute deal brokered in Congress to avoid a devastating US default, Obama warned against turning disagreement into highly disruptive “dysfunctionality”. A rather mild way to portray the utter economic wreckage any further delay in solving the debt ceiling deadlock would have prompted. Faced with a similar challenge in a couple of months, he chose to play down the reckless Republican attitude in the House, praising instead the bipartisan efforts to prevent the worst from happening.