Why Kevin McCarthy is winning the debt ceiling battle
Tick. Tick. Tick. That’s the sound of the clock as the United States approaches the limit of its borrowing power. Tick. Tick. Tick. It’s also the sound of the US debt clock. Actually it's more of a whoosh as it tries to keep pace with the sheer clip of the national debt, which totals some $31.7 trillion or over $240,000 per taxpayer. For fiscal hawks, these two measurements have set the tempo for a seemingly endless set of battles over the nation's debt ceiling and financial footing. To be clear, the government already hit its debt limit. That was back on January 19, a mere twelve days after Kevin McCarthy survived his bid to claim the speaker’s gavel.