McCarthy Is Winning the Debt-Ceiling Standoff, by Douglas Andrews

Somewhere around June 1 — no one knows exactly when — the Treasury Department will run out of accounting gimmicks and our nation will exceed its $31.4 trillion debt limit. At that point, we’ll be unable to pay our bills, and we’ll be at risk of defaulting.

Unless Congress can come to an agreement with Joe Biden on once again raising that debt ceiling. As we’ve noted previously, House Speaker Kevin McCarthy has been engaged in debt ceiling non-negotiations with our woefully unpopular president, who’s been insisting on a “clean” bill that simply raises the debt ceiling and essentially gives him the thumbs up to keep spending us into oblivion. ….

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