Five things the US debt-ceiling deal suggests about the future | Robert Reich

Now that Biden has signed the deal into law, what can we expect in the next 17 months leading up to the 2024 election?

It was supposed to be their ace in the hole, their single biggest bargaining leverage. But in the end, House Maga Republicans got surprisingly little out of their agreement to increase the debt ceiling.

Robert Reich, a former US secretary of labor, is professor of public policy at the University of California, Berkeley, and the author of Saving Capitalism: For the Many, Not the Few and The Common Good. His new book, The System: Who Rigged It, How We Fix It, is out now. He is a Guardian US columnist. His newsletter is at robertreich.substack.com