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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