Cenk Uygur
Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos

Debt Ceiling Caves in on Republicans

Posted

January 24, 2013

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"Avoiding an economic showdown with President Obama, the House on Wednesday passed legislation to eliminate the nation's statutory borrowing limit until May, without including the dollar-for-dollar spending cuts that Republicans once insisted would have to be part of any debt limit bill."*

House Republicans have had a rare cave-in on the debt ceiling, putting off the fight for the budget and government funding for a little longer. Could this be a strategy to get leverage? Cenk Uygur explains what the real motivation is, and where Wall Street fits in.

*Read more from Jonathan Weisman/ New York Times:

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Debt Ceiling Caves in on Republicans · Cenk Uygur · Sentinel