The Case for Debt-Ceiling Optimism
As the government careens toward the brink of default without a deal to lift the debt limit, an unlikely source of reassurance has emerged. “I think everyone needs to relax,” Mitch McConnell told reporters on Tuesday in his home state of Kentucky. “The country will not default.” The longtime Republican leader, who once boasted of being the Senate’s “grim reaper,” isn’t known for his soothing bedside manner. His equanimity was hard to reconcile with the vibes emanating from the Capitol on that particular day, where House Republican negotiators were accusing…
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