, Columnist
Let the Debt-Ceiling Game of Chicken Begin
Who’s ready to make a deal? Wall Street’s fears take focus as the X-date becomes a moving target and Biden and McCarthy meet.
Psychological warfare.
Photographer: Drew Angerer/Getty
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It’s not the first time Washington has witnessed the looming possibility of a catastrophic default. Congressional leaders remain stuck in a partisan deadlock that risks what many believe would be a constitutional crisis — but this has happened before, and the worst has always been avoided.