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The clock ticks on the debt limit: Lessons from America's last debt ceiling crisis

Posted on AllSides May 30th, 2023
From The Center
STAN HONDA/AFP/Getty Images
ANALYSIS

The U.S. debt limit clock is ticking.

A political stand-off in Washington on the U.S. debt limit is pushing the country perilously close to default.

In 2011, the country came within 72 hours of that happening.

Today, On Point: What’s the path forward? We hear lessons from America's last debt ceiling crisis.

Claudia Grisales: "Where they started, they were really far apart. When you look at the beginning of the year, Biden and McCarthy had not even met. They had an initial meeting in February. And Biden said, I want to see...

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https://www.wbur.org/onpoint/2023/05/10/the-clock-ticks-on-the-debt-limit

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