As Congress arrives at a budget agreement and avoids sending the U.S into default right before the August 2 deadline, we’re examining the broader, long-term political and historical impact of the the debt crisis. How will it affect the credibility of the U.S. government? What does it tell us about President Obama, and how will the crisis shape next year’s election? David Sanger, chief Washington correspondent for our partner The New York Times, talks about the response in the global markets and the deal’s impact on the military budget and other vital programs.
There is no paywall on the story you just read because a community of dedicated listeners and readers have contributed to keep the global news you rely on free and accessible for all. Will you join the 319 donors who have supported The World so far? From now until Dec. 31, your gift will help us unlock a $67,000 match. Donate today to double your impact!