The Deal is Done; Assessing Winners and Losers

The voting is in from the House and Senate, but opinions are sharply divided among both conservatives and liberals as to whether or not the debt ceiling deal was a good one for either party or country. Wall Street’s first response was quite negative, with the Dow down 265 points on the day the Senate sent the bill to the White House. Chris Matthews said the Obama administration “gave in to hostage taking.” As … [Read more...]