Online Public Relations Thoughts

President Biden and Speaker of the House McCarthy are talking past one another.  Biden insists that he get a clean vote on raising the Federal debt ceiling.  McCarthy wants to negotiate and to curb spending.  Both are appealing to their base of support.  Meanwhile, Wall Street is terrified of a Federal default if the two sides can't get together soon.  Look for posturing and PR from both sides to try to convince the public and the financial community that they are right.  It will come down to who will blink first and the fallout from doing so.  McCarthy is in a weaker position.  He stands to lose the Speakership if he gives in too quickly.  He barely got the position as it is.  It would be an interesting battle to watch if the situation weren't so serious.