Debt ceiling brinksmanship

How both parties stand to benefit from extended brinksmanship, and the possible impact of failing to reach an agreement on time.

In previous pieces, I have sought to move away from the conventional wisdom and to explore scenarios that appear unlikely. For example, in July 2022, I explored how Saudi Arabia may seek to make a deal with Iran under Chinese and Russian auspices, as its relationship with the US continues to deteriorate. More recently, I explored how an electoral victor…