Former Obama Budget Director: "there may well be US public debt tremors this year"

America must brace itself for turbulence
By Peter Orszag

Published: January 20 2011 22:51 | Last updated: January 20 2011 22:51


America is experiencing the hard slog of recovering from the financial crisis. Prospects have turned more positive over the past two months. But a year ago growth was picking up too – and then it stalled, at about the same time Greece’s fiscal problems infected the global economy. The question now is whether a home-grown fiscal crisis could derail this year’s rebound...

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