On the Money Monday: Crisis Averted
Biden has the Better BATNA, So Bipartisan Budget Deal Avoids Debt-Limit Default
I breathed a giant sigh of relief Sunday night when President Biden announced he and Republican Speaker of the House Kevin McCarthy had signed a two-year budget deal. Video here. If enacted, the debt limit will be suspended until January 1, 2025.
Yes, it involved compromise, as expected, but the Biden team gave up very little. His success, I believe was…
Keep reading with a 7-day free trial
Subscribe to Money & Gossip to keep reading this post and get 7 days of free access to the full post archives.