The summer humidity hangs over Washington – along with another hot and sticky issue: What to do about the federal budget and the looming legally limited ceiling on how much money our nation can borrow. With a fast-approaching Aug. 2 deadline, lawmakers have spent months squabbling about the problem, which could have big impacts on the global economy.
“The answer is clear – we have to raise the ceiling. And we need to get serious about reducing the long-term deficit,” says Curt Grimm, dean’s professor of supply chain and strategy. “There are plenty of ways to do this.”