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Something for your Espresso: “Only one week left”

Kevin McCarthy has initiated the blame game in the debt ceiling debacle to try and increase Joe Bidens incentives to strike a deal ahead of a partial shutdown. Our game-theoretical analysis has long put the partial shutdown as the base case as both Joe Biden and the right wing of the Republicans have limited incentives to strike a deal ahead of time.
2023-05-16

Kevin McCarthy has initiated the blame game in the debt ceiling debacle to try and increase Joe Bidens incentives to strike a deal ahead of a partial shutdown. Our game-theoretical analysis has long put the partial shutdown as the base case as both Joe Biden and the right wing of the Republicans have limited incentives to strike a deal ahead of time.

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