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Wednesday, March 29, 2023

USA: Debt showdown between Biden and McCarthy

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Who is guilty? And if so: how much? To keep the US afloat financially, President Joe Biden and Speaker of the House Kevin McCarthy must do something their parties have forgotten: they must find a compromise.

Debt showdown in Washington. In the left corner, defending champion Joe Biden. In the right corner his challenger Kevin McCarthy. 80-year-old veteran against 58-year-old professional opportunist. After multiple losses in a row, Biden is dependent on victory. But McCarthy, too, should be hungry for success – after all, his appointment as number three was anything but a knockout victory.

Source: Stern

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