News Briefings

Making Sense of the Debt Ceiling Crisis: Winners and Losers

By ACoM

Briefings

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Was Live Friday, June 2, 2023 | 11 am PT

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Guest Speakers:

  • Rachel Snyderman, Senior Associate Director, Business and Economic Policy, Bipartisan Policy Center
  • Shannon Buckingham, Senior Vice President for Communications and Senior Counselor, Center on Budget and Policy Priorities
  • Lindsay Owens, Ph.D., Executive Director, Groundwork Collaborative

Event Overview

Many experts believe that this is possibly one of the most dangerous and futile standoffs on raising the debt ceiling that the U.S. government has engaged in, but an agreement was struck between the White House and the Republican leadership, and Congress has the last word.

The process and the results raise many questions. First, is this the best way to do things? The world and the U.S. economy are on the line if this country defaults on its debts. Will the resulting budget cuts and spending caps help or hurt the economy? Why are poor adults the losers in this scenario? Is this the end of the moratorium on college loan repayments? Is there any sign of a positive return to bipartisan deals on other issues?

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