US Politics

Why we have a debt ceiling, and why this trip to the brink may be different

For those on Capitol Hill who would threaten a default as a means to compel concessions on policy, the destructive power of default is what makes it makes attractive as a tactic.

We have been here before. But this time the House’s new Republican majority is largely driven by a faction that says it will hold the debt limit vote as a hostage to win policy changes.

(Image credit: J. Scott Applewhite/AP)

* This article was originally published here
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