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The Guardian - US
The Guardian - US
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Robert Reich

SHOCKING: Five things the debt ceiling deal suggests about the future - What They Never Told You

Hunter Biden Donald Trump Social Security Medicare MAGA
U.S. President Biden delivers a speech about bipartisan legislation that lifts federal government's $31.4 trillion debt ceiling<br>US President Joe Biden addresses the nation on averting default and the Bipartisan Budget Agreement, in the Oval Office of the White House in Washington, DC, June 2, 2023. JIM WATSON/Pool via REUTERS TPX IMAGES OF THE DAY
‘They manufactured a debt crisis out of whole cloth.’ Photograph: Reuters

1. House MAGA Republicans will be less of a force

It was supposed to be their ace in the hole, their single biggest bargaining leverage. But in the end, House Maga Republicans got surprisingly little out of their agreement to increase the debt ceiling.

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