OPINION

Should fiscal policy resemble private budgets?

News, Koichi Hamada, Published on 06/11/2023

» Every few months this year, the US government appears on the verge of shutting down. It happened in May, when congressional Republicans initially refused to raise the debt ceiling, and in September, when Congress managed to avert a last-minute shutdown by passing a stopgap bill to keep the federal government open until Nov 17.