The debt ceiling’s silver lining ...Middle East

The Hill - News
The debt ceiling’s silver lining
source : The Hill ( Middle East ) () 17
What’s worse than the perennial and often brief Washington game of chicken over raising the debt ceiling with the constant threat of defaults compromising the “full faith and credit of the United States,” economists fretting, markets swooning and the media glued to the skirmish? The six-month debt ceiling tussle we are about to endure: The U.S. Treasury recently pushed the button on time-tested “extraordinary measures,” which will ensure that this episode plays out until the summer.  But rest assured, there will be no default, only the predictable ritual dance punctuated by brinkmanship, feigned righteousness and rank political maneuvering. The ceiling will ultimately be raised with li

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