Macrocast: Will they take us over the cliff?

The topic: the debt ceiling. On this edition of the Macrocast, our host Ylan Mui is joined by John Fagan and Brendan Walsh of Markets Policy Partners, as well as Zach Moller, Director of Third Way's Economic Program. The group delves into the looming debt ceiling, analyzing the political landscape, and predicting how the markets will react. From a hard-to-pin-down X date–the day on which the federal government is no longer able to meet its fiscal obligations–to "break glass strategies," the group draws on its decades of experience observing Congress, the Treasury, and markets to offer their predictions on how McCarthy's majority and the Biden administration will navigate the impending debt ceiling negotiations.