Government/Policy
May 7, 2023
Leibowitz: Congress and the President—Confrontation
Written by Lewis Leibowitz
We have a few confrontations this week. President Biden and House Speaker McCarthy are scheduled to meet this week on resolving the debt ceiling confrontation. Some sort of compromise seems likely, but a cataclysm involving government default is hardly out of the question. The time for agreement is nigh—US Treasury Secretary Janet Yellen has moved up the date of default to June 1, less than four weeks away.


