“If the debt ceiling binds, and the U.S. Treasury does not have the ability to pay its obligations, the negative economic effects would quickly mount and risk triggering a deep recession.” Wendy Edelberg and Louise Sheiner answer critical questions about what might happen if Congress fails to raise or abolish the debt limit.
France and Germany recently marked the 60th anniversary of the Treaty of Élysée, a symbol of friendship and a framework for cooperation from the early days of the European Union. On a new episode of The Current, Constanze Stelzenmüller and Tara Varma discuss how France and Germany provide a model for deepening European partnerships and meeting the challenges of Russia’s war in Ukraine.
11 states have declined to expand Medicaid to all people with incomes below 138% of the federal poverty level, as permitted under the Affordable Care Act. These states’ decisions are estimated to have reduced coverage by 3.7 million people, while worsening financial security, access to health care, and health outcomes. Matthew Fiedler considers ways that Congress can reduce gaps in coverage.
The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars.
The Brookings Institution, 1775 Massachusetts Ave NW, Washington, DC 20036
