Home Speaker Kevin McCarthy mentioned this week that he didn’t imagine Republicans and Democrats had been anyplace near a deal on elevating the debt ceiling. President Biden mentioned little in public. As the danger of default drew nearer, Republicans acquired collectively and auctioned off a tube of used cherry lip balm, which bought for six figures.

Welcome to the most recent week of “productive” negotiations in Washington, a city that has a whole glossary — cliffs and ceilings and X-dates — of shorthand for…


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