REUTERS/Gary Cameron - U.S. House of Representives Speaker-elect Paul Ryan (L) salutes the members of the House as he stands with outgoing Speaker John Boehner after Ryan was elected on Capitol Hill in Washington October 29, 2015.
Offseason moves in the debt ceiling blame game
February 5, 2016,
A recent report from the Chairmen of the House Financial Services and its Oversight subcommittee released a report accusing the Treasury Department and the Federal Reserve Bank of New York of engaging in contingency planning for a hypothetical debt ceiling catastrophe. In this post, Philip Wallach lays out the political and practical implications of this report.