If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
Category: Republican Party
Kevin McCarthy’s Speaker Drama Raises New Fears on Debt Limit
An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.
Biden Caps Two Years of Action on the Economy, With New Challenges Ahead
The president used a slim congressional majority to enact legislation that could reshape the American economy — if his administration can make the laws succeed.