Though many pundits may not be able to see past Tuesday’s midterm elections, as soon as the voters decide which party will hold the reins of Congress, the country will witness its first reminder that elections have consequences.
The 2022 contests will have a near-instant effect on US fiscal policy. At some point between mid-December and January, the United States will hit its credit limit and need to either increase it or risk defaulting on its financial obligations.
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