A bipartisan deal to raise the debt ceiling alongside modest cuts to government spending still appears to be the most likely way out of the current impasse. It’s possible that moderate Republicans will step in to help the Democrats push through a ‘clean’ debt limit increase to avert default, but that is only likely to happen once it’s clear that negotiations have failed – by which time the deadline will be close.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.