Analysis: US debt talks stalemate
Politicians divided over how to avoid what is being described as a catastrophic event for the economy – debt default.
Published On 10 Jul 2011
Politicians in the United States are arguing over how to avoid what is being described as a catastrophic event for the economy – a debt default.
There was a government deal to raise the country’s $14.3tn debt ceiling. But now Republicans are demanding cuts in government spending in exchange for their support.
Al Jazeera’s John Terret explains.
Source: Al Jazeera