What If Republicans Actually Want a Debt Disaster?

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Wall Street must make it clear to GOP lawmakers that an economic meltdown is unacceptable even if it improves their odds of beating Biden in 2024.

A 58 percent majority of Americans say the debt limit and federal spending should be handled as separate issues, down from 65 percent who said this in February. A much smaller 26 percent

The poll finds 39 percent of Americans say they would blame Republicans in Congress if the government goes into default, and 36 percent say they would blame President Biden and 16 percent volunteer that they would blame both equally. recalls In 2011, [Obama] spent months negotiating with Speaker John Boehner to strike a “grand bargain” that would help solve America’s longstanding fiscal problems. But Mr. Boehner couldn’t deliver his caucus in support of the framework, and the nation hurtled toward default. With only a few days to go, negotiators were able to strike a smaller agreement that satisfied no one, left both sides angry about the result and was damaging for the country.

 

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Washington and Wall Street brace for White House debt ceiling talksBiden is set to meet with House Speaker Kevin McCarthy and other congressional leaders Tuesday as the clock ticks on a potential government default as soon as June 1.
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