ARCHIVE | Socialist Alternative was the CWI section in the USA until 2019
World economy: Stock market collapse – global economy shaking
US recovery strangled and European debt crisis deepening
Day: 5 August 2011
USA
USA: Default averted
After months of vicious manoeuvring between Republican and Democratic factions, the US Congress and president Obama agreed on a budget deal only hours before the deadline to raise the Federal government’s borrowing limit.
China
CWI Summer School: China on the verge of social explosion
Inner-party struggles as repression tightened