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GOP Leaders Prepare for 2023 Debt Limit ‘Nightmare’

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“GOP leaders, congressional aides and business groups are preparing for a potential ‘nightmare scenario’ next year if House Republicans take back the majority: a debt limit showdown reminiscent of the near-crisis in 2011,” Axios reports.

“There are serious question marks — and underlying anxiety — surrounding what type of leader Rep. Kevin McCarthy (R-Calif.) will be if elected as House speaker. How he handles a debt limit showdown will be a crucial test of his leadership abilities for which key stakeholders are already privately planning.”

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goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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