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US EXPERT SEES TOUGH ECONOMY AHEAD

STORY: US EXPERT SEES TOUGH ECONOMY AHEADDATELINE: Nov. 22, 2011LENGTH: 0:02:33LOCATION: New YorkPKGINTRO:America's national debt clock keeps ticking upwards and is now over 15 trillion U.S. dollars.However, the "super committee" set up to slash that figure admitted failure ahead of a Monday night deadline.One U.S. economist sees tough times for the global economy ahead.PKG:A U.S. economist says the 12-member committee's inability is not only a sign of Washington's ongoing political indecisiveness but will also continue to negatively affect the financial markets.SOUNDBITE (ENGLISH): JOSEPH FOUDY, NYU SCHOOL OF BUSINESS"It's going to be a rough week between news in Europe and this so this could put downward pressure on stock prices. Politically, this is just another sign of the paralysis that's in Washington and it's going to add to cynicism in the American public about what's going on in our political system. Longer term this is just kicking these debates about raising taxes or cuttin Powered by www.newslook.com Producer : Xinhua News Agency

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