Us Debt Ceiling

COVID-19 clawbacks, spending caps and a cut – what House Republicans got in return for pushing the US to the brink of default

House Republicans pushed the U.S. to the edge of a fiscal crisis because they wanted deep cuts in government spending. So, based on the tentative deal announced on May 27, 2023, how did they do?

Raymond Scheppach Professor of Public Policy, University of Virginia·11 months ago

House approval of debt ceiling deal a triumph of the political center

Talking with a friend about the debt ceiling negotiations, I mentioned that there were incentives for centrists in Congress to cobble together a deal. My friend said, incredulously, “Do we actually have centrists in Congress?”

Matt Harris Assistant Professor, Political Science, Park University·11 months ago

Why America has a debt ceiling: 5 questions answered

Republicans and Democrats are again playing a game of chicken over the U.S. debt ceiling – with the nation’s financial stability at stake. Treasury Secretary Janet Yellen recently said that June 1, 2023, is a “hard deadline” for raising ...

Steven Pressman Part-Time Professor of Economics, The New School·11 months ago

Debt ceiling negotiators reach a deal: 5 essential reads about the tentative accord, brinkmanship and the danger of default

President Joe Biden and House Speaker Kevin McCarthy on May 27, 2023, agreed in principle to a tentative deal that would raise the debt ceiling while capping some federal spending at current levels.

Matt Williams Senior Breaking News and International Editor·11 months ago

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