Newt Gingrich sees a silver lining. But he at least went through the process of shutting down the government.
“My prediction is that this will be the first debt ceiling in history where they actually cut spending,” Gingrich said, later adding that it will be “a big breakthrough for fiscal conservatives.”
“I’m moderately optimistic that it will work out,” he said, while pointing out that a deal would be “a successful moment,” but “it’s not done yet.”
BIDEN ECONOMIC ADVISOR LAEL BRAINARD: "The 'R word' that I'm hearing the most is about resilience. [...] Today, gas prices are down again. Prices are coming down across the board."