Why Biden should end the debt limit farce once and for all ...Middle East

We shouldn’t be surprised that President Biden’s May 9 meeting with congressional leaders produced nothing: to win the speakership on the 15th ballot, Majority Leader Kevin McCarthy (R-Calif.) granted the Freedom Caucus a veto over any deal, and that far-right group has made clear it will not settle for anything short of a radical transformation of this country’s governance. A national default and almost certain global recession would be preferable to enactment of anything like the bizarre legislation the House passed by a single vote. But Biden has a far better choice: eliminating the debt limit’s threat once and for all. The debt limit has haunted American politics for so long that m

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Why Biden should end the debt limit farce once and for all ...Middle East

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