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Tea Party Republicans fail to learn the lessons of 1995

18 October 2013

iwan morgan

Sanity has prevailed in the US, at least temporarily. For now, the threat of America’s first ever debt default has receded. But we may be back in the same territory in early 2014 as the US treasury is only authorised to engage in further borrowing until February, writes Professor Iwan Morgan (UCL Institute of the Americas) in The Conversation.