Biden and McCarthy will meet Tuesday to try to break the debt ceiling logjam
NBCMAY 2023
The Spin
Pro-establishment narrative
While this laborious process is far from over, real progress is being made in negotiations to raise the debt ceiling. The US defaulting on its debts is not an option, and both political parties are working hard to ensure that does not happen.
Establishment-critical narrative
While lawmakers may be hopeful about negotiations to raise the debt ceiling, this process has taken far too long. Faith in the US financial system is further diminishing every moment a deal is not made. Nobody should use the threat of defaulting as leverage; both Democrats and Republicans have failed the electorate by putting partisan politics ahead of the national interest.