Why social nets are economic foundations, how Putin poured fuel on the fire in America, and consequences of not raising the debt ceiling.
How worried should we be about the debt ceiling? There is enormous uncertainty surrounding the speed and magnitude of the damage the U.S. economy will incur if the U.S. government is unable to pay all of its bills for a time. Wendy Edelberg and Louise Sheiner explain what will happen if the debt ceiling is not lifted by Congress. Read more | The Kremlin’s strange victory “The United States has begun to move closer to Russia, as populism, cronyism, and corruption have sapped the strength of American democracy. This is a development that few would have foreseen 20 years ago, but one that American leaders should be doing everything in their power to halt and reverse,” writes Fiona Hill in her recent op-ed. Read in Foreign Affairs | Help support Brookings with a donation Brookings is committed to making its high-quality, independent policy research free to the public. Please consider making a contribution today to our Annual Fund to support our experts' work. | 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. |
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