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 ...
by Jackie Calmes Whether you’re for the demand by House Republicans for deep spending cuts as a condition for raising the nation’s debt ceiling or you’re against it, there are some things you should know in assessing their gambit. Perhaps the single most important fact ...
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. ...
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 ...
by Jonathan Bernstein House Speaker Kevin McCarthy went to New York on Monday to seek Wall Street’s support for his pursuit of a debt-ceiling deal tied to federal spending cuts. But financial industry pros know that attaching any strings to an increase in the borrowing limit is ...
House Speaker Kevin McCarthy, who doesn’t always speak for America, did so with moral clarity when he met visiting Taiwanese President Tsai Ing-wen last week along with a bipartisan group including the House’s No. 3 Democrat, Pete Aguilar, at the Ronald Reagan Presidential Library, and ...