Roubini expects U.S. tax debate to get messy

Criticism of the fiscal cliff bill just got fiercer with noted U.S. economist and commentator Nouriel Roubini deciding to weigh in on the deal. In an opinion piece for the Financial Times, Roubini, widely known by the sobriquet Dr Doom, declares the U.S. has been let down by its political leadership. “A deal that extends […]

By Staff | January 3, 2013 | Last updated on January 3, 2013

1 min read

Criticism of the fiscal cliff bill just got fiercer with noted U.S. economist and commentator Nouriel Roubini deciding to weigh in on the deal.

In an opinion piece for the Financial Times, Roubini, widely known by the sobriquet Dr Doom, declares the U.S. has been let down by its political leadership.

“A deal that extends unsustainable tax cuts for 98% of Americans is no victory,” he says in his commentary.

Roubini predicts it’s a matter of time before U.S. is faced with another crisis inevitably due to conflicting views on the debt ceiling issue held by Republicans and Democrats.