I am currently working on another article, but given the clamour about the debt ceiling, I just want to repeat my stance that I guess a “last minute” deal will be done. I do not expect any unilateral moves to invalidate the debt ceiling ahead of that proverbial last minute. My feeling is that announcing the intention to use any such mechanism is effectively an announcement of an unwillingness to negotiate, which looks bad. Beyond that, I do not see any reason to waste any more of my readers’ time with my takes on that matter.
(I hope to deliver that other article tomorrow.)