White House Should Be Ready for a Debt-Limit Deal
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Nov. 7 (Bloomberg) -- Barack Obama’s victory last nightreflects discipline and foresight on the campaign trail. Nowlet’s hope that, back in Washington, his staff was exercisingsimilar discipline with regard to the fiscal cliff, the morethan $600 billion in tax increases and spending cuts scheduledto take effect at the end of the year.
Obama has an opportunity to make necessity his friend andcut a path-breaking fiscal deal -- but doing so requires him tonavigate several major obstacles.