08/02/2011 02:36 pm ET Updated Oct 02, 2011

Simon Johnson: Balanced Budget Amendment 'Makes No Sense'

Some House and Senate Republicans have pushed hard to include a “balanced budget” constitutional amendment as part of any agreement on a debt ceiling, and the final accord — passed Monday by the House of Representatives and awaiting action by the Senate — identified such an amendment as one path to the bill’s deficit-cutting provisions.

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