Political prognosticators are facing a mountain of unknowns for the coming year, starting with whether President Joe Biden will seek a second term. There are other cliffhangers, including whether former President Donald Trump will be indicted and whether Rep. Kevin McCarthy will succeed in getting elected speaker of the House. Here are five more developments I’m watching that have the potential to shake up the political landscape.
Will the U.S. government default on its debt?
The federal government is set to hit its borrowing limit sometime next year. A failure by Congress to raise the debt ceiling as it periodically does would cause the federal government to default on its debt for the first time ever, an event many economists say would spark an immediate crisis in financial markets.
