President Joe Biden is trying to hammer out a deal with Republican lawmakers to ensure the United States can keep its lights on. In this Viewsroom podcast, Breakingviews columnists explain how even if the world’s largest economy defaults on its debts the damage will be limited.
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Breakingviews - Debt ceiling debacle is ultimate winner’s curseHow could the United States sail so close to defaulting on its debts? There’s an easy answer: political dysfunction and financial recklessness. With just over a week to go until the world’s biggest economy potentially runs out of money to pay its bills, Republicans and Democrats were still unable on Monday to see eye to eye on a solution. But there’s another explanation too. The ongoing debt-ceiling standoff, which has the potential to tip markets into mayhem, is a kind of winner’s curse. Its root causes are the same things that put Uncle Sam on top in the first place.
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PolitiFact - Did Donald Trump rack up more debt than any other president?House Minority Leader Hakeem Jeffries, D-N.Y., said Donald Trump “ran up more debt than any other President in American history.” Actually, Trump’s predecessor, Barack Obama, accumulated the most debt, although Trump racked up debt at a faster pace.
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Biden's Democratic rivals hit double-digit support in new pollSupport for President JoeBiden's main primary foes hit double digits in a recent poll. Although Biden holds a commanding lead with the support of 65% of respondents, MarWilliamson nabbed 11% and RobertKennedyJr clinched 11%.
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Florida school bans Amanda Gorman’s inaugural poem after parental complaintShe gained national prominence after she recited her poem at President Joe Biden’s 2021 inauguration.
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Breakingviews - Europe’s scramble to tame artificial intelligence: podcastBrussels is a step closer to unveiling regulation for the controversial technology. Dragoș Tudorache, a legislator in the European Parliament, helped write the law. In this Exchange podcast, he argues that the rules focus on the biggest risks while leaving room for innovation.
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Breakingviews - Supply chain scrutiny may upend EU solar ambitionsMaking the world a greener place through clean energy is hard enough. Doing so while also avoiding human rights violations looks even harder.
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