A test of the CHIPS Act, high-stakes fiscal brinkmanship ahead for America, and violence in Brazil’s capital city.
Anti-democratic sentiment boils over in Brazil “While Brazil’s federal institutions have admirably held the line against anti-democratic forces, what is now abundantly clear is that the embrace of authoritarianism has found a foothold in a country that 38 years ago emerged from repressive military rule.” Valerie Wirtschafter and Ted Piccone give context to the violence that unfolded in Brazil’s capital recently and explain how it differed from the January 6 attack on the U.S. Capitol. Read more | The McCarthy deal is guaranteed fiscal brinkmanship Kevin McCarthy’s dealmaking last week involved government funding and the debt limit, suggesting that the United States is in for another round of high stakes fiscal brinkmanship—with the health of the economy at stake. Molly Reynolds outlines what to expect, writing that McCarthy has opened the door to some very tough economic choices. Read more | The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars. | |