FollowingtheeruptionofEuropeandebtcrisisinthewakeofthefinancialcrisis,anewdebtcrisisbegantofermentontheUSsoils.OnMay16th,withUSdebtexceedingitsstatutoryceilingof$14.29trillion,USTreasury'ssolvencybecamesostretchedthatitcouldhardlylasttoAugust2nd.Asaresult,thecountrywasplungedintogreatdefaultrisks.Thetwoparties,throughheatedpoliticalstruggles,finallymanagedtoreach