Congress Plays a Fiscal Game of Chicken

The clock is ticking, and lawmakers are embattled in a game of chicken over raising the debt ceiling. On September 30th, at the 11th hour, Congress passed legislation to avoid a partial shutdown and keep the government up and running through December 3rd. That bill was merely a stop-gap measure and included a provision to suspend the debt ceiling. The collective sigh of relief didn’t last long, and now Congress must…