Fail-Safe Plan Could Stop U.S. Default Disaster: Jonathan Alter
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July 1 (Bloomberg) -- As President Barack Obama andcongressional Republicans trade shots on the budget, it’sgetting harder to see how they’ll pull back from the brink andavoid a cataclysmic default.
With only a month to go before the Aug. 2 deadline forraising the U.S. debt limit, this feels like a financial versionof the 1964 Cold War thriller “Fail-Safe” -- a helpless stumbletoward disaster.