This week on What’s at Stake, Bryan DeAngelis hosts Penta Partner Meghan Pennington and Managing Director Ylan Mui to dissect the looming battle over the U.S. debt ceiling. With an uncertain “X date” approaching, and President Biden, House Speaker Kevin McCarthy, and the “five families” of the Republican caucus at odds, the stakes are getting higher every day. The group navigates the murky waters of debt ceiling negotiations in Congress and discusses whether the divides within the Republican caucus might play into Biden’s hands. They also delve into the market’s reaction to the looming crisis and explore how companies can engage with policymakers to move things forward in Washington.
As the tension mounts, they ask the key questions: What’s the backup plan if McCarthy’s strategy fails? Will Democrats budge on their demand for a “clean” debt ceiling hike?” And how can companies position themselves ahead of the inevitable appropriations debate later this year? Tune in now to stay ahead of the game.