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.
Congress and President Obama have yet to reach an agreement to raise the nation’s debt ceiling, a necessity to ensure that the United States is able to meet its financial obligations. William Dickens, a Distinguished Professor of Economics and Social Policy at Northeastern, said that the U.S. economy could slide into depression if a deal is not agreed upon by the Aug. 2 deadline.
New co-op partnership with the city gives Northeastern students the chance to learn the art and craft of retail politics, one phone call at a time.
The sesquicentennial of the Civil War is an opportunity to revisit its legacy; the many ways that it continues to affect our society and culture. Here, Professor Ballard Campbell, an expert in American political history, discusses how the political divisions of the 1860s continue to resonate in our politics. Campbell is a Distinguished Lecturer for the Organization of American Historians.
On Monday, Treasury Secretary Timothy Geithner told Congress the U.S. has reached its debt ceiling — the limit on how much money the government can borrow. Not only has raising this limit been at times a contentious political issue, it also raises larger issues related to the U.S. economy’s long-term health, says Kamran Dadkhah, associate professor of economics at Northeastern University.