Democrats gamble on GOP caving in debt ceiling fight

Posted on AllSides August 10th, 2021
From The Center

Congress is barreling toward a high-stakes showdown over the nation's borrowing limit, with neither party ready to blink.

Congressional leaders will soon need to find a way to pass legislation raising or suspending the debt ceiling, or risk a default that could have catastrophic ramifications for global financial markets.

So far, they appear content to play a game of chicken reminiscent of the 2011 standoff that resulted in the S&P taking the historic step of downgrading the U.S. credit rating.

One option for Democrats would be to try to raise...

Read full story

The Hill

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
See full bias rating for The Hill
Learn about media bias

More News about Politics from the Left, Center and Right

From the Left

From the Center

From the Right