U.S. debt-ceiling saga a political theatre-in-the-round: Turkish expert

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U.S. debt-ceiling saga a political theatre-in-the-round: Turkish expert

STORY: U.S. debt-ceiling saga a political theatre-in-the-round: Turkish expert DATELINE: June 11, 2023 LENGTH: 00:01:55 LOCATION: ISTANBUL, Türkiye CATEGORY: POLITICS SHOTLIST: 1. various of views in the U.S. 2. SOUNDBITE 1 (Turkish): SANT MANUKYAN, Analyst with Is Yatirim, the investment banking arm of Isbank Group in Istanbul 3. various of views in the U.S. 4. SOUNDBITE 2 (Turkish): SANT MANUKYAN, Analyst with Is Yatirim, the investment banking arm of Isbank Group in Istanbul STORYLINE: The latest U.S. debt-ceiling saga is nothing but a political theatre-in-the-round, revealing the deficiency of the country's two-party system, said a Turkish analyst. U.S. President Joe Biden signed the Fiscal Responsibility Act of 2023 into law a week ago to avoid a historic default on government debt. The bipartisan act suspends the public debt limit through Jan. 1, 2025 and increases the limit to the actual debt level on Jan. 2, 2025. Since 1945, the United States has raised its debt ceiling 103 times. SOUNDBITE 1

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