Tag Archives: US debt ceiling

Opinion: What the US debt ceiling crisis can teach Britain on coalition and compromise

By Greg Judge | Thu 4th August 2011 - 1:51 pm

The crisis in the US Congress has finally come to an end and President Obama was able to raise the country’s debt ceiling without invoking the 14th Amendment. It has been a weekend of worry and apprehension as to how far extremist factions such as the Republican Tea Party were willing to go and whether they were prepared to bring the country to the lowly depths of economic default.

Neither major party had seemed prepared to give up what means most to them; the preservation of continued support for Medicare and Social Security (Democrats) or the need for heavy fiscal cuts …