The Coming War Over the Debt Ceiling, And How It'll End

The Coming War Over the Debt Ceiling, And How It'll End

Weigel
Reporting on Politics and Policy.
April 14 2011 8:26 AM

The Coming War Over the Debt Ceiling, And How It'll End

This is the subject of my new piece, right here.

There are three likely outcomes. One: America defaults on its debt, and all of the nightmarish things Treasury Secretary Timothy Geithner is predicting actually happen , with Republicans taking blame. Two: The debt ceiling is raised, with Republicans getting mostly toothless concessions. Three: The debt ceiling is raised without concessions, but with Democrats providing the margin of victory, a critical hit to House Speaker John Boehner's machismo.

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Worth reading: Sam Stein on how the White House isn't exactly adamant anymore about a "clean bill."

David Weigel is a reporter for Bloomberg Politics

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