I’ve been meaning to write for some time about how the debt ceiling standoff this time is going to be resolved, but now that Secretary Yellen has said the Treasury could run out of cash by June 1 and President Biden has announced that he plans to meet Speaker McCarthy on May 9, I realized that I can’t wait any longer.
Why a Government Shutdown Later this Year is More Likely than a Debt Default
Thanks for your insight on this confusing (for me) situation. I always feel my IQ has increased a little every time I read on of your articles.
Perhaps a tax increase is at least part of the solution, but we seem quite committed in the opposite direction.
Excellent.
I sure hope the right people are reading this! Clearly, the best solution for the moment.