The months-long fight over raising the debt ceiling is finally over. That means the threat of the US defaulting on its debts, and the resulting economic crisis, is off the table – at least for the next two years. So what happened? And how will it shape the economy, the political climate, and future debt negotiations?

Bloomberg Congressional reporter Steven Dennis and White House reporter Jordan Fabian join guest host Nancy Cook to break down what the final agreement says and the impact it will have.

Read more: Debt-Limit Deal Clears Congress, Ending Threat of US Default

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

The months-long fight over raising the debt ceiling is finally over. That means the threat of the US defaulting on its debts, and the resulting economic crisis, is off the table – at least for the next two years. So what happened? And how will it shape the economy, the political climate, and future debt negotiations?
Bloomberg Congressional reporter <a href="https://www.bloomberg.com/authors/ASnsiUdv5go/steven-t-dennis">Steven Dennis</a> and White House reporter <a href="https://www.bloomberg.com/authors/AUNP67PYwfg/jordan-fabian">Jordan Fabian</a> join guest host <a href="https://www.bloomberg.com/authors/AVESZltColA/nancy-cook">Nancy Cook</a> to break down what the final agreement says and the impact it will have.
Read more: <a href="https://www.bloomberg.com/news/articles/2023-06-02/debt-limit-deal-clears-congress-ending-threat-of-us-default">Debt-Limit Deal Clears Congress, Ending Threat of US Default</a>
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a> 
Have questions or comments for Wes and the team? Reach us at <a href="mailto:bigtake@bloomberg.net">bigtake@bloomberg.net</a>.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Crisis Averted On The Debt Ceiling. For Now

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/38092ea4-5135-4c03-86a3-b0150154c852/transcript

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