House speaker drama sparks fears of 2011-style debt ceiling crisis -- or something worse | CNN Business

There is a growing sense in Washington and on Wall Street that chaos won’t just be the opening act of the 118th Congress. It might be the whole play. The historic dysfunction surrounding the election of House Speaker Kevin McCarthy is raising concern of a debt ceiling crisis this summer or fall that threatens the world economy.

Goldman Sachs estimates the debt ceiling won’t limit the Treasury Department’s ability to finance the deficit until August at the earliest and the deadline could come as late as October. The precise deadline depends on the size of the budget deficit before then. Warnings of debt ceiling trouble are nothing new. Investors may be quick to dismiss this threat as a political sideshow.

Are you smoking something? This is a baseless assertion with literally zero support.

Hmm! Dysfunction or Democracy? It's not Nancy Land where no one is allowed to speak or disagree.

Negotiations between those not of a hive mind is now 'historic dysfunction'.

Govern by crisis is what they do.

sorry Democrats, the USA tax dollar is not a blank checkbook, not is the USA future. BALANCEtheBUDGET, trim the fat, NO MORE PORK, just as us broke pheasants have to.

LOL

Lol that's how it's supposed to work. No wonder your ratings are so low.

Stop fear mongering you liberal twits.

Ok thanks for your input CNN but remember you have 0 credibility

Any tactic that halts or slows our debt-driven economic collapse is justified. Yes, cold water in the face is unpleasant. It ruins the party. But our house is on fire! Do you understand ?

You dolts are aware that our currency is already in shambles and instead of pointing out the disaster of spending money like they have been, and printing it out of thin air, you instead focus negative press on people wanting that to stop.

Is CNN talking to its 100 viewers?

Report the news, stop trying to make news.

Well, the GOP are full of a lot more reckless, and crazy, members today than in 2011. So that’s definitely reason to be concerned.

🤣🤣start blaming Republicans now for 2023. 🤣🤣

If GQP gets its way we are all screwed forever!

And you people think the House has anything to do with an economy that’s bee flopping for a year now? Biden ruined the economy the second he started handing $ out and inflation followed him and only him. The economy is 100% heading to depression and it’s caused by Biden only. 🤡

Stop wasting money

Funny I don’t recall CNN reporting this much on The House of Representatives in years.

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