November 27, 2014

U.S. Budget Experts Brace for an 'Ugly' Fall on Fiscal Policy

President, Hill Leaders Appear To Dig in, Not Reach Out, as Fiscal Fights Loom--Many Experts Expect Last Minute, Partial Fiscal Agreement in Nov or Dec
August 26, 2013
Market News International (MNI)

Excerpt

"As of now if both parties stick to their current positions, the federal government would shut down permanently and we would default on our debt," said Robert Bixby, executive director of The Concord Coalition, a nonpartisan budget watchdog. "This all feels a little unreal. It's like people walking around casually for an afternoon stroll, as buildings are falling down all around them."