Reviewing politics
and culture since 1913

  1. Business
3 October 2013updated 22 Oct 2020 3:55pm

Obama: “This time’s different. I think they should be concerned”

Business quote of the day.

By New Statesman

“Democracy’s messy. But when you have a situation in which a faction is willing potentially to default on US government obligations, then we are in trouble” Obama told US television.

The US government has been shut down for two days over talks to extend America’s borrowing limit, which currently stands at $16.7 trillion.

 

Content from our partners
From emissions to opportunity
Power to the people
The new climate reality and systemic financial risk

Treat yourself or a friend this Christmas to a New Statesman subscription from £2 per month