How U.S. shutdown could shake global economy

1 October 2013

iwan morgan

In 2011 UK Business Secretary Vince Cable lamented that a bunch of "right-wing nutters" was holding the American government and the world economy to ransom by refusing to agree the usually routine increase in America's legal debt limit. World leaders might avoid the blunt description used by Cable but their thoughts are probably very similar. The U.S. is, once again, having another political gunfight over public funding and debt issues, writes Professor Iwan Morgan (UCL Institute of the Americas) in a special for CNN.