Debt-Limit Shuffle Buys Time for 'Something Big’: Caroline Baum

Faced with an Aug. 2 drop-dead date for raising the $14.3 trillion debt limit and encumbered with two parties that don’t play well together, President Barack Obama did what any president would do: He called a White House summit. (Answers b, “appoint a czar,” and c, “create a commission,” are incorrect in this instance.)

To continue reading this article you must be a Bloomberg Professional Service Subscriber.