EFG Magazine

Politics | Lurching From Crisis to Crisis, Congress Is Addicted to Cliffs

https://www.nytimes.com/2021/10/08/us/politics/congress-crisis.html

Congressional Memo

Lawmakers almost never act until they absolutely must — and even then, they usually punt.

Congress has a long history of putting off pressing matters until the very last minute.
Congress has a long history of putting off pressing matters until the very last minute. Credit... T.J. Kirkpatrick for The New York Times

Carl Hulse

Oct. 8, 2021

WASHINGTON — Congress disposed of a looming global economic catastrophe this week by doing what it does best: Not much.

After weeks of a market-threatening partisan stare-down, Senate leaders struck a not-so-grand bargain that raised the debt ceiling into early December, just two short months away. If history is any guide, lawmakers will then engage in the exact same fight all over again — and may even end up with yet another Band-Aid solution.

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