This Debt Crisis Is Not Like 2011’s. It’s Worse.

On its floor, the unfolding debt-ceiling disaster seems to be so much just like the 2011 war of words between congressional Republicans and then-President Barack Obama. Once once more, a brand new GOP majority within the House is the use of the specter of a countrywide default as leverage to pressure a first-term Democratic president … Read more

Why Biden Caved

The White House and Congress have no longer made a lot development of their talks to avert an unparalleled, and doubtlessly calamitous, nationwide default that might happen once early June. But at the maximum basic level of competition, President Joe Biden has already caved: He’s negotiating with Republicans over the debt ceiling. For months, the … Read more

The Case for Debt-Ceiling Optimism

As the federal government careens towards the threshold of default with no deal to boost the debt prohibit, an not likely supply of reassurance has emerged. “I think everyone needs to relax,” Mitch McConnell advised newshounds on Tuesday in his house state of Kentucky. “The country will not default.” The longtime Republican chief, who as … Read more

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