The Fiscal Cliff and US Foreign Policy

From Project Syndicate RSS-Feed Mon Dec 17 2012, 18:00:20

Global markets are watching nervously as the US approaches the "fiscal cliff," knowing that falling over it could well throw America - and the world - back into recession. But foreign ministries around the world should be equally nervous: Unless the US gets its fiscal house in order, it will be forced to abdicate global leadership.

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