Jan. 26, 2023: Why this debt ceiling showdown is different
With a catastrophic federal default potentially months away, Wall Street and the rest of America is reacting with a big yawn \u2014 and, honestly, can you blame them?\nThe high-stakes debt standoffs of Barack Obama's presidency each ended with last-second deals that avoided economic calamity and saved face for all the principals involved. Washington went on to lift the debt limit four more times with minimal drama.\nSo why are so many veterans of the first modern debt ceiling showdown freaking out? Across party lines and perspectives from both ends of Pennsylvania Avenue, those who lived through the 2011 showdown agree on one thing: This time feels different \u2014 and they are terrified that it will end with the country in financial ruin, as Eugene Daniels and Adam Cancryn report this morning.\xa0\nAnd Donald Trump can now return to Facebook and Instagram following a decision by Meta that will end the former president\u2019s two-year suspension from the platforms. More from Rebecca Kern\nThe view from Meta: \u201cThe public should be able to hear what their politicians are saying \u2014 the good, the bad and the ugly \u2014 so that they can make informed choices at the ballot box,\u201d Meta policy guru Nick Clegg said. Read Meta\u2019s full blog announcement\nPolitco tech reporter Rebecca Kern joins the show with more details.\nSubscribe to the POLITICO Playbook newsletter