Amid Din, Serious Talk on Debt
…It’s hard to hear through the clamor surrounding rival approaches to the budget by President Obama and House Republicans. Because the din was linked to the volatile debate over raising the debt limit, it sounded like a typical partisan brawl with an atypical ability to destabilize financial markets and the economic recovery.
But listen closely, and you can hear something different: moves by Republicans and Democrats to decouple what they must resolve within the next two months from what they’ll battle over for the next two years.