4min chapter

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Debt Ceiling, Trump Town Hall, and Guest Claire Hughes Johnson

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CHAPTER

The Republicans' Normalization of the Debt Limit

The US can borrow money at the lowest rate globally, maybe the exception of Japan and Germany. People believe they're going to get their money back if interest rates go up. And any interruption in that is this insidious, somewhat imperceptible, but real impact on everyone's lives. If it did the same thing around what's happened with the debt ceiling fights, it's usually that as we get closer and closer and the markets become more jittery, Republicans realize this is a losing issue for them.

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