There is a deal in Washington, Republican ploy to gut Obamacare, debt-ceiling is raised , China, get rid of the dollar, Martin Wolf on the debt ceiling, get rid of the debt-ceiling law, The Financial Times columnist, Some laws are too dangerous to be allo

By pierreapienaar on Thu, Oct 17, 2013 - 3:34am

Deal or no deal? There is a deal in Washington, or is it really a deal?

Late hour deal in Washington. It was struck not out of principal, but because of a worst-case scenario. It is an “agreement, just to avoid default. It would have been disastrous, if there was no deal.