A default deal is not enough to fix America’s fiscal problems

A default deal is not enough to fix America’s fiscal problems Like a video game in which the combatants periodically ascend to a higher, more intense level, the budget talks in Washington have ratcheted up.

But even if the talks succeed, the outcome will do far less to address America’s fiscal problem than was hoped when the formal discussions were launched under vice-president Joe Biden’s leadership in April, writes Steve Rattner.


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