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Business Daily: America's debt Odyssey

28/02/2013

America's debt Odyssey

BBC World Service - Business Daily, America's debt Odyssey

First the fiscal cliff, now the sequester. Why does America put obstacles in its path?

First the fiscal cliff, now the sequester - why does America insist on putting obstacles in its own path?

It could be a modern version of the Odyssey, but where Odysseus battled Lotus Eaters and a Cyclops, America has to contend with a fiscal cliff and now the sequester.  So why does the world's biggest economy insist on putting obstacles in its own way?

The BBC's America's editor reports from Virginia on the real effects of sequestration and Justin Rowlatt speaks to Kai Rysdall of the Marketplace programme about America's evolving strategy of "management by crisis".

We've got Jim O'Neill of Goldman Sachs on what this tells us about America's postion as the flagship of the world economy and finally, Colm O'Regan on why the next crisis is likely to be a slumgullion.  


In short, a tasty broth from Business Daily.

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