Column: On the debt-ceiling crisis, take it from moderate Republicans: Be afraid, be very afraid [Los Angeles Times (CA)]
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Source: Los Angeles Times
Some are even more than concerned. “This really scares me,” said one man in the group's Zoom meet-up this week. That was Bill Hoagland , who for a quarter-century was a top budget advisor to Senate Republican leaders — from the Reagan era, through Newt Gingrich's “revolution,” to the dawn of the tea party — and now is a senior vice president at the Bipartisan Policy Center. What has him and other longtime political and policy actors so troubled is the current standoff between the newly empowered House Republican majority and President Biden over the essential act of raising the nation's debt limit. Opinion Columnist Jackie Calmes Jackie Calmes brings a critical eye to the national political scene. She has decades of experience covering the White House and Congress. Read more from Jackie Calmes This periodic task — increasing how much the Treasury can borrow — simply allows the government to keep paying its bills for commitments that both parties have made over many years.
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