By Martin Khor* | IDN-InDepth NewsAnalysis
GENEVA (IDN) – On 1 March 1, the United States government had to introduce spending cuts of US$85 billion for this year, as President Obama and the Congress failed to reach an agreement on how to reduce the budget deficit. The so-called “sequestration” marked a new failure in the relations between the President and the Republicans in Congress.
The term “dysfunctional” is now commonly used to describe the US government system, as the deadlock between the President and Congress, and the animosity between the Democrat and Republican parties have blocked laws, policies and agreements.