Recapping our recent posts about the US federal budget: It was always an empty threat for the House GOP to refuse to raise the debt ceiling without Biden negotiating spending cuts. If the battles of 2011 are a guide, Republicans will likely capitulate, not to Biden, but to the bond and stock markets if they plunge in anticipation of a debt default. Biden has all the leverage on his side to refuse negotiations over the debt limit, and he has the correct rhetorical response in his call to Republicans to
Fiscal Policy Negotiating Principles
Fiscal Policy Negotiating Principles
Fiscal Policy Negotiating Principles
Recapping our recent posts about the US federal budget: It was always an empty threat for the House GOP to refuse to raise the debt ceiling without Biden negotiating spending cuts. If the battles of 2011 are a guide, Republicans will likely capitulate, not to Biden, but to the bond and stock markets if they plunge in anticipation of a debt default. Biden has all the leverage on his side to refuse negotiations over the debt limit, and he has the correct rhetorical response in his call to Republicans to