Partisan politics hinders debt-​​ceiling deal

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.