However that is, as I mentioned, inappropriate. What is going to really occur subsequent?
One risk is that confronted with looming monetary chaos, McCarthy will enable a flooring vote on the debt ceiling, and that just a few sane members of his celebration will cross the aisle and assist Democrats increase the ceiling. So far as I can inform, that’s the Biden administration’s plan A.
What about plan B? There are a number of choices. Moody’s Analytics appears to assume that the Biden administration may merely ignore the debt…
