World Clock

Sunday, 3 April 2011

US Government Shutdown - Boehner vs. Obama [A Preview]

The West Wing Provides a Glimpse of What a Meeting Between Speaker Boehner & Obama Could Look Like

Re: Government Shutdown

Congress is currently mired in a squabble over the current-year federal budget. It essentially boils down to Tea Party Republicans wanting cuts of $60bn in short term spending, most Democrats and most likely the House GOP leadership, according to the FT would settle spending cuts of $30bn.

Also the FT paints a bleak picture of the potential side-effects of these 'meaningless' cuts in the short-term, saying that a government shutdown has the potential to derail the current economic recovery. Adding it could be the difference between stagnation on one hand and recovery on the other. 

May wiser heads prevail.

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