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Party or the other towards an agreement on spending cuts or other policy or legislation changes that they want. from an economic perspective it does not rein in government spending. think of it as a credit card. this is just the government's credit card limit and they need to raise it to pay for past government spending. this is not about future government spending. the simulations that have been done with the oxford economic model, if there are large—scale government spending cuts which the republican propose, it will do economic damage. it was shave points off gdp and economy would suffer ...

Breakthrough on the debt. ryan sweet is the chief us economist at oxford economics. he says he's not surprised no deal was reached. this is going to be a game of political chicken. they'll see which side bends first because both the republicans and democrats recognise that breaching the debt ceiling for a sustained basis is economically catastrophic and would be politically very damaging. when you talk about how damaging it is both for the economy and politics, it begs the question what will it take to get to a deal? is there any sense of how we might get to one in the next few weeks? so, as a...

It's been a two-year slog of enduring painfully high prices, but the light at the end of the tunnel just got slightly brighter for consumers.

Ryan sweet is the chief us economist at oxford economics — i spoke to him a little earlier and he says he's not surprised no deal was reached. this is going to be a game of political chicken. there was see which side bends first because both the root republicans and democrats recognize that reaching the debt ceiling for it this sustained basis is economically catastrophic and would be politically very damaging. when ou talk politically very damaging. when you talk about _ politically very damaging. when you talk about how— politically very damaging. when you talk about how damaging i polit...

Football that they pass back and forth to try and push one party or the other towards an agreement on spending cuts or other policy or legislation changes that they want. from an economic perspective it does not rein in government spending. think of it as a credit card. this isjust spending. think of it as a credit card. this is just the governments credit card limits and they need to be up to raise it to pay or surpass government spending. this is not about future government spending. the civilizations that have been done with the oxford economic model, there are large—scale government spen...