The Washington Post: Around the globe, U.S. debt deal prompts relief, but also exasperation, worry for future

Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

The U.S. debt deal sparked relief around the world Thursday, but happiness was tempered by head-shaking that the world’s largest economy had nearly defaulted on its financial obligations, and President Obama said that the United States’ global standing had been damaged.

World leaders and investors have been puzzled for weeks about the showdown paralyzing Washington, and some had complained that U.S. politicians who lay claim to global leadership were doing little to safeguard international finances. On Thursday, officials and newspapers from Beijing to Madrid said the crisis raised fresh questions about the strength of the American political system.

Obama, meanwhile, said that the shutdown had done great harm. “It’s encouraged our enemies,” he said. “It’s emboldened our competitors. And it’s depressed our friends who look to us for steady leadership.”

World markets were largely lower Thursday after having risen earlier this week on expectations that a deal would be made.

Source: The Washington Post – The Washington Post: Around the globe, U.S. debt deal prompts relief, but also exasperation, worry for future

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