Jim Kessler, co-founder of Third Way, a non-partisan policy organisation in Washington DC, tells the FT’s James Politi that Washington is only now starting the real debate on deficit reduction. Mr Kessler says he expects to see piecemeal attempts to cut spending in the next year, but predicts Republicans and Democrats will not take on most of the large-scale spending cuts recommended by President Obama’s commission on debt reduction.
Produced by Lagan Sebert
Welcome to the new FT.com.
The same global insight. Faster than ever before on all your devices.