Kevin McCarthy Wins the Negotiation Battle

The president needs to reassure the G7, these powerful economies that we're not going to default. Therefore, he does lose a lot of domestic leverage, doesn't he? Oh, he does. I think that at the end of the day, Speaker McCarthy got the leverage when the House passed their bill. Once he got his caucus to pass the bill, this puts us squarely in the president's lap and now he has global pressure.