The federal government appears likely to default on its debt.
Next year’s presidential election is shaping up as a horror movie sequel.
kAmp?5 6G6CJH96C6 J@F =@@< E96C6’D 2 4C:D:Di 4=:>2E6[ r~'xs[ @A:@:5D]k^Am
kAms6DA:E6 E96 8C:> E:5:?8D[ ae A6@A=6 C2:D65 E96:C C:89E 92?5D %9FCD52J[ C6?@F?465 E96:C 4@F?EC:6D @7 3:CE9 2?5 3642>6 &]$] 4:E:K6?D 5FC:?8 2 ?2EFC2=:K2E:@? 46C6>@?J 2E 2? p>6C:42? {68:@? A@DE :? |2?496DE6C]k^Am
kAm%96J H6C6 F?56E6CC65 3J E96 EFC>@:=]k^Am
kAm“pD A2CE @7 =:G:?8 96C6[ A2CE @7 @FC C6DA@?D:3:=:EJ :D E@ H@C< E9C@F89 E9:D] x H@F=5 E2<6 @? E92E C6DA@?D:3:=:EJ[” D2:5 x?5:2\3@C? #:D92G |F<96C;:[ H9@ >@G65 96C6 E@ 2EE6?5 4@==686[ 8C25F2E65 7C@> w2CG2C5 2?5 H@C<D 7@C E96 4CJAE@4FCC6?4J 4@>A2?J r@:?32D6]k^Am
kAm#2;:G !C2592?[ H9@ D@F89E 2DJ=F> :? E96 &?:E65 $E2E6D 7C@> }6A2=[ D2:5 @E96C 4@F?EC:6D 92G6 G:@=6?46 2?5 C24:D>[ E@@]k^Am
kAm“x ?6G6C E9@F89E 23@FE >@G:?8 E@ 2?@E96C 4@F?ECJ[ 3FE @?46 x 42>6 E@ p>6C:42[ x E9@F89E E9:D :D E96 D276DE 4@F?ECJ :? E96 H@C=5[” D2:5 !C2592?[ H9@ =:G6D :? |2?496DE6C 2?5 :D 2 9@>6 42C6 AC@G:56C 7@C 5:D23=65 A6@A=6]k^Am
kAm%96 ae 42>6 7C@> aa 5:776C6?E 4@F?EC:6D] q67@C6 E96 46C6>@?J[ E96J DFCC6?56C65 E96:C 8C66? 42C5D[ H9:49 D:8?:7J A6C>2?6?E C6D:56?4J DE2EFD]k^Am
kAmr6CE:7:42E6D 92?565 @FE 27E6C E96 3C:67 46C6>@?J 2EE6DE E@ E96:C 4:E:K6?D9:A] Ws@?’E =2>:?2E6 E96>[ E96J H6C6 :?DECF4E65[ 3642FD6 :E H:== 52>286 2FE96?E:42E:?8 6=64EC@?:4D]Xk^Am
kAm%96J H:== 92G6 E@ 2AA=J 2?5 H2:E 7@C E96 >@C6 4@>>@?=J 2446AE65 >2C<6C @7 4:E:K6?D9:A — 2 A2DDA@CE]k^Am
kAm%96 3C:67 46C6>@?J :?4=F565 E96 ?2E:@?2= 2?E96>[ E96 @2E9 @7 4:E:K6?D9:A 2?5 E96 !=6586 @7 p==68:2?46] xE E@@< A=246 :? 2 7=28\DEF5565 92== 2E E96 p>6C:42? {68:@? w6?CJ y] $H66?6J !@DE] %96 A@DE 9@DED ?2EFC2=:K2E:@? 46C6>@?:6D 2??F2==J]k^Am
kAm“*@F >256 2 49@:46 E@ 36 2? p>6C:42? 4:E:K6?] *@F H6C6?’E 3@C? 96C6[ J@F 62C?65 :E[” D2:5 p?E9@?J ':@=2?E:[ kDA2? 4=2DDlQAC:?E0EC:>Qm2 G6E6C2? 2?5k^DA2?m E96 ?2EFC2=:K2E:@? 492:C>2? 7@C E96 A@DE]k^Am
kAm%96 ?6H 4:E:K6?D 925 2 >:I @7 6>@E:@?D]k^Am
kAm#@>2?:2? ?2E:G6 rC:DE:?2 vC2A2 362>65] (:E9 >@F?E2:?D 2?5 2 q=24< $62 4@2DE=:?6[ 96C ?2E:G6 4@F?ECJ :D 362FE:7F=[ vC2A2 D2:5[ 3FE D96 >@G65 96C6 `g J62CD 28@ 7@C D49@@= 2?5 76== :? =@G6 H:E9 p>6C:42] “x’G6 366? H2:E:?8 7@C E9:D 7@C 2 =@?8 E:>6[” D2:5 vC2A2[ 2 ?FCD6 H9@ =:G6D :? q657@C5]k^Am
kAm~>2C p=2JJF3: >@G65 96C6 7C@> $2F5: pC23:2 2?5 2EE6?565 ':C8:?:2 r@>>@?H62=E9 2?5 z6?E $E2E6 F?:G6CD:E:6D] w6 76== :? =@G6[ E@@ — 3FE H:E9 2? p>6C:42? H@>2?] %96J 8@E >2CC:65 2?5 =2?565 :? }6H w2>AD9:C6 H96? D96 8@E 2 ;@3 96C6]k^Am
kAm“%9:D H2D ?6G6C E96 A=2?] xE ;FDE 92AA6?65[” D2:5 p=2JJF3:[ H9@ =:G6D :? tI6E6C 2?5 H@C<D :? 3:@E649]k^Am
kAmk6>mk2 9C67lQ>2:=E@i>92JH2C5oF?:@?=6256C]4@>Q E2C86ElQ03=2?<Qm>92JH2C5oF?:@?=6256C]4@>k^2mk^6>mk^Am
