If they did, they would not play politics with the vote to raise the country's debt ceiling; they would also agree to raise taxes or just repeal the Bush-era tax cuts.

Financial fair play means clubs not getting into a spiral of debt to compete with their rivals but rather competing with their own means, ie the resources they generate.

His plan served as a sharp counterpoint to Republican lawmakers, who have insisted that tax increases should play no part in taming the nation's escalating national debt.