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Markets Approve of the Way U.S. Political System Handles Debt Problems

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The U.S. has earned the market’s grudging respect for recent spending and tax deals. Robert Shapiro reports.

articles/2013/01/03/markets-approve-of-the-way-u-s-political-system-handles-debt-problems/wall-street-likes-cliff-deal-shapiro_zbunlw
Spencer Platt/Getty,Spencer Platt

In all of the negotiations and bluster over the fiscal cliff, one important issue was almost entirely absent: the potential effects for the economy. Yes, some diehard conservatives warned that without drastic steps to privatize part of Social Security and much of Medicare, our national debt will soon make us...

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