# Prof. Nouriel Roubini on America's fiscal future

1 Faculty News January 2, 2013 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025700.jpg?itok=LSPbU2V1)>

Excerpt from the [Financial Times](http://www.ft.com/intl/cms/s/0/8f45b6c8-54f5-11e2-a628-00144feab49a.html#axzz2GvNmjP5c) -- "The deal reached in Washington on New Year’s day prevented the US economy from falling off the so-called fiscal cliff. However, given the dysfunctional nature of the American political system, it won’t be long before there is another crisis."
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