The latest congressional news and analysis from political experts and historians.
The Debt Limit Drama: As it played out – May 25, 2023
In Spring 2023, Congress and the Biden White House were at an impasse over whether to raise the debt limit to avoid default. The Treasury had indicated that default could have dire economic consequences. In this Congress Report, Jamie Stiehm, a Washington columnist and historian, describes what’s at stake as a result of the impasse and how the drama unfolded.