Sunday, October 13, 2013

Staring Into the Abyss

by Paul Krugman

Staring Into the Abyss


No deal. And for a very good reason: the president has made it a matter of principle that he will not make concessions that reward hostage-taking, and Republican leaders refuse to release the hostages without getting something that will let them claim victory.



The opening of the markets Monday could be … interesting.



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