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The Republican retreat from a debt-limit showdown was tactical, arising from a position of strength, not weakness. At the moment, Democrats are reeling. Biden’s approval rating is in the toilet; the GOP scored a major victory in last month’s elections in Virginia (and nearly an upset win in New Jersey). Democratic infighting has kept the president’s already-shrunken economic agenda stalled in the Senate. If Democrats are intent on hanging themselves before the midterms next year, McConnell has determined that his best move is to hand them a rope and get out of their way.

Why Mitch McConnell Caved Again
The Republican leader’s decision to fold—again—on the debt ceiling arises from a position of political strength, not weakness.