Shalanda Younger couldn’t sleep.

A small group of Biden administration officers had spent the previous two days in intense negotiations with Home Republicans in an try to avert a catastrophic authorities default. Ms. Younger, the White Home funds director, had been buying and selling proposals on federal spending caps with negotiators deputized by Speaker Kevin McCarthy, whose Republican caucus was refusing to boost the nation’s $31.4 trillion borrowing restrict with out deep cuts.

Now, as she scrolled…

Read the Full Article