US politicians have been locked into negotiations about reducing the country’s discrepancy, with the two sides unable to agree a tax and spending package as the possibility of a debt default becomes visible. So what are the fair rules in such a situation? The risk could not be higher.
Current talks at the White House to try to rupture the stalemate over the US national debt have broken up without agreement. President Obama and congressional leaders have agreed to resume the talks, which ended after 75 minutes, on Monday.
President Barack Obama has promised to lessen US oil imports by one-third in little more than a decade. Obama said in a speech in Washington that America had to “get sober” about a secure and reasonably priced energy future.