debt limit

The ‘Hell No’ Caucus Makes Its Stand

On Thursday afternoon, the House Democrats’ Steering and Policy Committee held a hearing on the consequences of a debt default. They invited four distinguished economists to sketch a gruesome picture: tanking markets, skyrocketing interest rates, a plunging dollar, a new recession–a grim chain of horrible outcomes that would scare any …

Democrats, in the Dark, Dig in Their Heels

Forgive House Democrats if they’re fuming a bit about the hairpin turn in the debt-limit negotiations. Reports that the White House is willing to consider cuts to entitlement programs as part of a grand bargain that far exceeds prior proposals caught them by surprise. At a briefing with reporters Thursday afternoon, House Minority Leader …

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