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McCarthy declares victory, but Biden may be the real winner

by Carl P. Leubsdorf In announcing their compromise agreement to extend the debt ceiling and avert a potential economic catastrophe, both President Joe Biden and Speaker Kevin McCarthy claimed victory.  But Biden’s triumph is likely to prove more significant because the deal ...

Fixing student loan repayment plans

by Claudia Sahm Secretary of Education Miguel Cardona recently confirmed that student loan repayments would begin again later in 2023, delivering what is likely to be a severe financial shock to borrowers who have not had to make payments for three years. This puts greater urgency on ...

Biden should ignore the debt ceiling

by Robert Reich I want to start today with a bit of history that sheds some light on what’s happening in Washington this week, and what Biden should do about the debt-ceiling crisis created by Kevin McCarthy’s Republican House.  On Oct. 22, 1985, Treasury Secretary James A. ...

Shame on Manchin for supporting GOP ransom demands

Sen. Joe Manchin prides himself on his bipartisanship, but when it comes to negotiations over the debt ceiling, he should not support House Republicans’ ransom demands.   Manchin views himself as a deficit hawk, and he’s made it clear he’s displeased with President ...