Examining the Debt Ceiling Deal: 5 Victors and 5 Vanquished

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Written By Jennifer Joslyn

💰Examining the Debt Ceiling Deal: 5 Victors and 5 Vanquished.

The debt ceiling battle of 2023 ended with a relatively normal budget deal reached between President Joe Biden and House Speaker Kevin McCarthy, despite the heated rhetoric and talk of default. The deal passed both the House and the Senate with bipartisan support, although neither party got everything they wanted. The outcome revealed the continued popularity of the budget status quo in Washington, while also highlighting winners such as Joe Biden and Kevin McCarthy, and losers such as liberal commentators and serious deficit hawks. The debt ceiling itself remains in place, as the prospects for its abolition appear unlikely without a more severe crisis.

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Jennifer Joslyn
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