Debt-ceiling deal risks compromising fragile economic growth

The deal between President Obama and Congress to raise the federal debt ceiling could avert a financial crisis but also would threaten to aggravate the basic problems facing the U.S. economy, including a stubbornly high unemployment rate and weak demand.

The agreement could immediately lift the cloud of uncertainty over the economy. It would end a political stalemate that could have caused the United States to default on its obligations for the first time. Over the long term, the deal could help free the nation from what is fast becoming a crushing debt.

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Karen Tumulty 02 Aug, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=c0214d1c28adbfd7cbede0a578b590ba
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