If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
Category: Politics and Government
How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster
Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.
With ‘Zero Covid,’ China Proved It’s Good at Control. Governance Is Harder.
For a powerful government that has bragged about its command of the country, its absence at a moment of crisis has made the public question its credibility.
An Alternate Reality: How Russia’s State TV Spins the Ukraine War
Leaked emails detail how Russia’s biggest state broadcaster, working with the nation’s security services, mined right-wing American news and Chinese media to craft a narrative that Moscow was winning.