Financial Times (September 25)
2013/ 09/ 26 by jd in Global News
“Congress needs to regain its senses before disaster hits.” Without Congressional action, the government will shut down next week and in several more begin defaulting on its sovereign debt. “As the sole superpower and provider of the international reserve currency, the US owes a duty to the world, as well as to itself, to uphold one of the most basic functions of a nation state. Flirting with a government shutdown is pantomime enough. Toying with whether the US will honour its sovereign debt obligations is pure recklessness.”
Tags: Congress, Defaulting, Duty, Recklessness, Reserve currency, Shutdown, Sovereign debt, Superpower, U.S.
