Fiscal Cliff Deal is a Pyhrric Victory says Roubini

NYU Stern Professor Nouriel Roubini writes in the Financial Times that the fiscal cliff deal extending tax cuts is only a pyhrric victory, and that the US has been let down by its leadership. Roubini forewarns more stalemates and arguments by Congressional leaders over spending cuts, the US’s statutory debt limit and tax reform. Happy 2013?

Read more of Roubini’s similar comments on CNBC: “US Will Soon Get Messy Again.”

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