From the desk of… This moment of peril ...Middle East

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From the desk of… This moment of peril
This was all completely predictable. The government is facing a massive fiscal crisis because House Speaker Kevin McCarthy is a lethal combination of excessive ambition and extreme weakness. He was so desperate to win the House’s top job that he sold his soul to a group of hard right-wingers — even fellow Republicans called them the “Taliban 20.” One critical price he paid for their votes, after 15 fruitless ballots, was to promise a showdown over raising the debt ceiling: the limit on how much the government can borrow to pay its bills. Now that moment of peril has arrived. Treasury Secretary Janet Yellen has announced that the government will run out of money sometime in June, perhaps as e

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