Heard on the Street: Will markets need to start sounding alarm bells for Washington to reach a debt-ceiling deal?
ShareAs Democrats and Republicans debate raising the debt ceiling, they both agree that a default would be disastrous for the economy. But how? Photo Illustration: Madeline Marshall
Nothing focuses politicians’ minds on cutting deals like cratering financial markets. And nothing stays investors’ hands from hitting the sell button like a belief that an 11th hour deal will be struck.
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All the debt ceiling options, explained, if Biden and McCarthy don't reach a dealIf there's no deal between Pres. Biden and House Speaker Kevin McCarthy, here are possible options being discussed to avoid or delay default:
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Polling suggests public still struggles with debt ceiling basicsOne part of the debt ceiling fight cuts the GOP’s way: Much of the public doesn’t understand the basics, so Republicans find it easier get away with dangerous radicalism. (via MaddowBlog)
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Why the debt ceiling fight mattersCongress should start working diligently to stop our debt from growing.
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How environmental wonks may help Biden unlock the debt ceiling crisisPermitting reform has been viewed within the White House and on Capitol Hill as, potentially, a key piece of an eventual agreement on debt ceiling negotiations.
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What happens to Social Security if the U.S. breaches the debt ceiling?Millions of Social Security recipients 'need to be very careful' about spending because payments could be delayed, one expert said.
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