Did 2013 mark the end of fiscal austerity in Washington?

It wasn't exactly a banner year for Obama or liberalism. But there might be a silver lining to the gray clouds of 2013.

Eric Cantor and John Boehner
(Image credit: (Win McNamee/Getty Images))

By most accounts, 2013 was a disheartening one for President Obama and American liberals in general. Gun control went nowhere nationally, and was even rolled back in many parts of the country. Immigration reform is stuck in House Republican purgatory. The botched rollout of Healthcare.gov drove Obama's biggest domestic achievement to new polling lows, adding insult to liberals' injury about not having a single-payer Medicare-for-all option.

But there is one bright spot, says Paul Krugman at The New York Times: America's "fiscal fever" has finally broken. Here's how Krugman defines the malady:

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.