It is groundhog day in Washington. In recent years, brinkmanship has repeatedly erupted whenever Congress has tried to raise the debt ceiling — usually because rightwing voices have threatened a government shutdown unless their demands were met.
Here we go again. This week Mike Johnson, the Republican Speaker of the House of Representatives, tried to pass a stop-gap debt ceiling deal with a $6.75tn budget — but it was derailed by incoming president Donald Trump and his supporters, including Elon Musk and Vivek Ramaswamy.
“This bill should not pass,” Musk furiously declared on X, sparking last-ditch negotiations, amid threats of government shutdowns.