The last time the U.S. faced a major showdown over the debt ceiling was a decade ago. Much like today, House Republicans insisted on spending cuts before they would vote to raise the amount of money the government could borrow. Then-President Obama and now-President Biden said they would not negotiate. Who will blink first?
This episode’s guest is fixed income specialist and economist, Chris Low of FHN Financial.



















Senate Committee on Commerce, Science, and Transportation ranking member Sen. Maria Cantwell (D-WA) (R) questions witnesses during a hearing in the Russell Senate Office Building on Capitol Hill on February 10, 2026 in Washington, DC. The hearing explored the proposed $3.5 billion acquisition of Tegna Inc. by Nexstar Media Group, which would create the largest regional TV station operator in the United States. (Photo by Chip Somodevilla/Getty Images)
