As the deadline for the US Government to reach an agreement on the debt ceiling looms (it is, in theory at least, the 17th of October), we take a look at who holds most of the debt, and what that means in the face of a potential default.
Chart of the Week: Week 40, 2013: US Debt Ceiling (Again)
At the very end of last year, the US was heading towards a “fiscal cliff”, and although a deal was agreed, the Economic Research Council pointed out in our first Chart of the Week of 2013that the debt ceiling still loomed ahead.
May 2013
The UK Government continues to muddy the waters of recovery. The lack of political leadership along with incoherent economic and infrastructure policies is not helpful. Political attacks on business do not encourage investment, political polarisation and slanging matches over Europe are also not helpful. The lack of government grip discredits the…