Making Financial Headlines · Page 10
Debt Ceiling Offers Washington a Lever With a Very Expensive Handle
· New York time
The next debt-ceiling confrontation could reverse Washington's usual political roles and create possibilities for spending concessions, market volatility and default, according to a CNBC analysis. The borrowing limit requires congressional action to raise or suspend it, making it a potential point of leverage in a divided government. Those outcomes are possibilities, not settled results. The proposed bargaining strategy would put federal financing at the center of a political contest, giving markets another reason to follow negotiations they would rather see completed quietly.
Read this story in the full newspaper →Satire. Not factual reporting. Read the original reporting from the linked publishers.