"They Have to Raise the Debt Ceiling": Holtz-Eakin

The transcript discusses the ongoing debt ceiling negotiations, highlighting the political stances of the White House, Senate, and House. It compares the current situation to 2011, suggesting that market volatility might force a resolution. The discussion also covers potential strategies for aligning budget and debt ceiling deadlines. Additionally, it addresses challenges in the banking system, including the impact of Fed's interest rate hikes and the need for better supervision to prevent bank failures.

What does the speaker suggest about the communication of the Fed regarding interest rate policies?

What are the potential consequences if the government fails to address the issues with the banking system?

In what ways does the speaker believe the supervisory regime for banks needs to improve?