Tag: called

Early this summer, the federal government will, in all likelihood, exhaust the “extraordinary measures” it is now employing to keep paying the nation’s bills. As the country careens toward that fiscal abyss, Congress will face a now-familiar stalemate: Republicans will refuse to raise the debt ceiling unless Democrats agree to cut spending. Democrats will balk. Markets will slide—perhaps precipitously—and the economy will swiftly turn south. When that moment arrives, the most important people in Washington won’t be those who work in the White House, or even the party leaders who…