Dollar & Sense: The Brookings Trade Podcast

Who won the debt ceiling fight?

Jun 5, 2023

24:27

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Episode notes

Introduction

2min

President Biden and Speaker McCarthy Win the Deal

2min

The Effect of the Debt Ceiling Agreement on the Economy

2min

The Treasury's Debt Ceiling and the Economic Impact of the Deal

2min

The Republicans' Deal With the Democrats on the Affordable Care Act

4min

The Congress Can Come Together in a Crisis

2min

How to Stabilize Debt to GDP and Be on a Sustainable Fiscal Path

4min

The Debt Ceiling and the Fiscal Problem

2min

Is a Government Shutdown Possible?

2min

10.

Dollar and Sense: The Debt Ceiling Agreement

2min

David Wessel, senior fellow and director of the Hutchins Center on fiscal and Monetary Policy at Brookings, joins host David Dollar to discuss what’s in the debt ceiling deal reached between President Biden and House Speaker Kevin McCarthy. The deal, signed into law by the president on June 2, averts a debt default that was expected as early as June 5. Wessel explains the deal’s broad provisions, it’s impact on fiscal policy, and whether it resolves the long-term budget and debt issues.

Show notes and transcript

Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.