US Capitol Capsule: Will pharma get fried in the debt ceiling chicken game?
This article was originally published in Scrip
Executive Summary
With the clock ticking ever closer to the 2 August deadline of when the US borrowing authority is set to expire – putting the nation at risk for defaulting on its loans and losing its credit rating – Democratic and Republicans leaders and the White House remained at loggerheads at the end of last week on negotiations over tying a deficit-reduction plan to legislative action to raise the $14.3 trillion debt ceiling.