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Why Today’s Debt Ceiling Meeting Was Scrapped


Punchbowl News: “The Biden administration’s negotiators and top leadership aides, who met for two hours on both Wednesday and Thursday, simply haven’t made enough progress to kick a menu of policy options up to the principal level.”

“It’s not that the staff-level negotiators — who we’ll list below — haven’t gotten anywhere. They’ve taken some modest steps in the right direction.”

“But several participants in the negotiations put it this way to us last night: If they were at this stage in the talks in February, everyone would be bullish that a deal is possible. However, as it’s only 20 days to a potentially catastrophic default for the U.S. government, they’re truly behind the eight ball.”

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