A subtle political recalibration is leaving House Republicans with potentially less leverage to force spending cuts.
the risks of debt accumulation, and some congressional Democrats say they no longer view it with as much alarm.the last time we faced a potential crisis over the debt ceiling, there was an elite consensus that budget deficits were a severe, even existential threat.
Sen. Bernie Sanders told Axios: "Debt is an issue, but ... we have to make sure that we don’t drift into austerity economics and that we address the nation’s needs in a fair and equitable way."Even members whose thinking has evolved were quick to clarify that it's not that they think debt doesn't matter at all.
"We had basically funny money when there was 0% interest," said Sen. Joe Manchin , who has said he's, from Axios chief economic correspondent Neil Irwin: The case for deficit reduction now is much stronger than it was in 2011.
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