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Clearer visions from afar:

Obama does not want to go down in history as the president who bankrupted America “so the only alternative is another unsavory deal – the 'kick the can down the road' solution, as American politicians like to call it.

“The debt limit will be raised again just before the impending volcanic eruption, exacerbating the problem and postponing an attempt to solve the problem (of the U.S.' enormous debt) to the next, not-too-distant deadline.

“Investors are also counting on this scenario. That is the only explanation for the relative calm on the market for U.S. government bonds.”

Handelsblatt, German business daily