3min chapter

Odd Lots cover image

On the Debt Ceiling, the White House Is Doing What It Said It Wouldn't Do

Odd Lots

CHAPTER

The Dead Ceiling HIG and the Treasury Department's Unpredictability

Obama administration and Tea Party majority led by John Boehner came up with this Dead Ceiling HIG. It arguably slowed the trajectory of the recovery coming out of the great financial crisis. The president, I think just a couple of days ago, said even if we wanted to take unilateral action, we couldn't do so in a few weeks.

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