Debt Limit Fight as Much About 2022 Politics as Fiscal Policy
- Republicans, Democrats battling to shape voter views on agenda
- Raising debt ceiling ‘terribly unpopular vote’ for lawmakers
Photographer: Angela Weiss/AFP/Getty Images
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The U.S. is heading to the precipice of a debt default as much for the sake of campaign ads and political branding as fiscal philosophy.
While agreeing that the statutory limit on U.S. borrowing must be raised before it’s breached sometime next month, Republicans and Democrats are completely at odds over who should act.