We applaud the recent debt ceiling resolution which came out of the negotiations between President Biden and Speaker McCarthy. We avoided default on our debt. But this is not a complete solution and will necessitate more work on reducing the annual deficit after the 2024 election. An economic recession is still a real possibility because Americans have too much debt on their credit cards and wages have not caught up with inflation. Protecting Americans from a collapsing economy has to be job #1 for Congress.
