The politics of the debt ceiling debate in Congress

People walk past the U.S. Treasury building in Washington, U.S. January 19, 2023. REUTERS/Jonathan Ernst

On January 19, U.S. Treasury Secretary Janet Yellen informed Congress that the department would implement “extraordinary measures” to allow the federal government to meet its obligations after reaching the debt ceiling. David Dollar speaks with Molly Reynolds, a senior fellow in Governance Studies, about the politics of the debt ceiling debate in Congress, including what leverage far-right Republicans may have gained during the Speaker of the House election process, and what a possible bi-partisan budget deal could look like.

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