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Politics
Maurizio Valsania, Professor of American History, Università di Torino

Political compromises – like the debt-limit deal – have never been substitutes for lasting solutions

Will the debt ceiling bill negotiated by President Joe Biden, left, and House Speaker Kevin McCarthy be a lasting solution? AP Photo/J. Scott Applewhite

The compromise to avoid default on the U.S. debt passed muster, eventually. President Joe Biden and Speaker of the House Kevin McCarthy pulled it off.

The nation can breathe, at least for the next two years. And yet, the far right is unhappy, many Democrats from the progressive wing are similarly annoyed, and the gnawing problem – the ballooning national debt – that is at the bottom of this compromise hasn’t gone away.

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