Crisis Averted On The Debt Ceiling. For Now | The Big Take

The months-long fight over raising the debt ceiling is finally over. That means the threat of the US defaulting on its debts, and the resulting economic crisis, is off the table – at least for the next two years. So what happened? And how will it shape the economy, the political climate, and future debt negotiations?

Bloomberg Congressional reporter Steven Dennis (https://www.bloomberg.com/authors/ASnsiUdv5go/steven-t-dennis) and White House reporter Jordan Fabian (https://www.bloomberg.com/authors/AUNP67PYwfg/jordan-fabian) join guest host Nancy Cook (https://www.bloomberg.com/authors/AVESZltColA/nancy-cook) to break down what the final agreement says and the impact it will have.

Read more: Debt-Limit Deal Clears Congress, Ending Threat of US Default (https://www.bloomberg.com/news/articles/2023-06-02/debt-limit-deal-clears-congress-ending-threat-of-us-default)

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