The US have finaly got agreement over upping their debt cap. But still no tax increases for super rich individuals or corporations which would be needed for a balance debt reduction strategy.
The IMF have sugested that the UK may need a 'Plan B' if growth does not pick up, as I doubt it will.
Listen to Kynes v Hayek on BBC Radio 4 at 8pm tonight to hear the opposing economic arguments.
Posted by e-mail from my mobile.