Congress and President Obama reached a last-minute agreement on Tuesday to raise the nation’s debt ceiling, and avoid default. However, the crisis has damaged the United States’ standing in the world’s economy, according to Kamran Dadkhah, an associate professor of economics at Northeastern University.
Dominique Strauss-Kahn resigned last week as the head of the International Monetary Fund (IMF) amid allegations of sexual assault in New York City — leading to larger questions of how this will affect French politics and financial matters across Europe. Natalie Bormann, a visiting assistant professor of political science at Northeastern University, assesses the implications of this situation and the media coverage that followed.
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