Last week the Senate voted to raise the debt ceiling temporarily by early December, but the political conflict over a longer-term increase continues. Senate minority leader Mitch McConnell said Republicans would not raise the debt ceiling again, and Democrats say they would not raise the debt ceiling themselves by balancing the budget. The debt ceiling would not have to be raised catastrophic economic consequences.
In this episode of the FiveThirtyEight Politics Podcast, the crew discusses the role of the debt ceiling in politics, why it exists in the first place, and what opportunities it eliminates altogether. You also have “good or bad use of surveys” on the subject death. Finally, they talk about whether a recent Facebook hearing will lead to new regulations for the monolithic technology company.
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