Playing the blame game for US budget stalemate
Business Times - 31 Mar 2011 Playing the blame game for US budget stalemate By LEON HADAR WASHINGTON CORRESPONDENT TENSIONS are rising on Capitol Hill. The political rhetoric is getting ugly. And the suspense is growing: Will US lawmakers be able to work out a budget deal as soon as possible so as to avert a shutdown of the federal government? Now wait a minute. Haven't we seen that movie before? In fact, an earlier version of 'The Coming Government Shutdown' was screened only two weeks ago just before a brief Congressional break. During the last scene, we held our breath as Democratic and Republican lawmakers, after failing to agree on a substantive budget compromise, ended up negotiating a last-minute deal, a so-called 'stopgap' that provided funding for the operations of the federal government until April 8. That stopgap was the second in what some expect to be a series of several short-term deals between the two parties that - in theory, at least - could keep th...