Bloomberg
July 1, 2011
– Jonathan Alter
As President Barack Obama and congressional Republicans trade shots on the budget, it’s getting harder to see how they’ll pull back from the brink and avoid a cataclysmic default.
With only a month to go before the Aug. 2 deadline for raising the U.S. debt limit, this feels like a financial version of the 1964 Cold War thriller “Fail-Safe” — a helpless stumble toward disaster.
