| From | Shai Akabas <[email protected]> |
| Subject | The Debt Limit Explained |
| Date | January 12, 2021 5:08 PM |
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<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
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style=3D"background-color: #2F4465; padding: 30px 60px 30px=
60px;">
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<td>
<span class=3D"spectralFallback bold"
style=3D"font-family: 'Spectral', serif;font-si=
ze: 28px; font-weight: 700; color: white;">
The Latest from BPC=E2=80=99s Economic Policy P=
roject =E2=80=AF=E2=80=AF=E2=80=AF=20
</span>
</td>
</tr>
<tr>
<td>
<span class=3D"spectralFallback"
style=3D"font-family: 'Spectral', serif;font-si=
ze: 14px; line-height: 1em; margin-bottom: 20px; color: white;">
This monthly newsletter highlights what=E2=80=99=
s new from BPC on economic policy.=E2=80=AFKeep scrolling=E2=80=AFfor BPC=
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lainers, highlights from 2020, and media highlights. If you=E2=80=AFhave an=
y questions or want additional info about BPC=E2=80=99s economic policy wor=
k, email <a class=3D"promptFallback bold"
style=3D"font-family: 'Spectral', serif; font-weigh=
t: 500; font-size: 14px; text-decoration: underline; color: #F6FBC2" href =
=3D "mailto: [email protected]">[email protected]</a>=
.=20
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=20
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t:5px;padding-right:5px;">
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=3D"center">
<tr>
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lor:transparent;">
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style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 800; color: #2F4465; margin: 20px 60px; font-size: 18px;">
The Debt Limit Explained=20
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</td>
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<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
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ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
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style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
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AyMjQ4MWM4ZmM2&K=3DILNJoa0RWCD0e84QTlWSaA"><strong>The Debt Limit: What You=
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t:5px;padding-right:5px;">
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lor:transparent;">
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style=3D"font-family: 'Faustina', serif; margin: 0 60=
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at would be the consequences of failing to raise it in time? This short sum=
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0JTIwVXBkYXRlJTIwJTdDJTIwRWNvbm9taWMlMjBQb2xpY3kmZXNpZD00OWM5OGI3MS1lYjU0LW=
ViMTEtYTgxMi0wMDIyNDgxYzhmYzY&K=3DfSGkelV0NDaPA3OXuuJIBQ"><strong>Extraordi=
nary Measures, Simplified </strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
What are extraordinary measures and how long can they =
last? =20
</p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAw=
MGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYWFjNmZjOGQwMTAwODI5ZQ%3AZmFsc2U%3ANQ%3=
A%3AaHR0cHM6Ly9iaXBhcnRpc2FucG9saWN5Lm9yZy9ibG9nL2l0cy10aW1lLXRvLXJldGhpbms=
tdGhlLWRlYnQtbGltaXQvP19jbGRlZT1ZaTVwWjJwaFkydGlkV3gzWVhKclFHZHRZV2xzTG1Odm=
JRJTNkJTNkJnJlY2lwaWVudGlkPWNvbnRhY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExO=
GNiNDctYmM5Y2U0YjhjM2ZkNDk5MWFhYzZmYzhkMDEwMDgyOWUmdXRtX3NvdXJjZT1DbGlja0Rp=
bWVuc2lvbnMmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSU=
yMCU3QyUyMEVjb25vbWljJTIwUG9saWN5JmVzaWQ9NDljOThiNzEtZWI1NC1lYjExLWE4MTItMD=
AyMjQ4MWM4ZmM2&K=3DnrOIruRvxHOmy92x-B1LLQ"><strong>It=E2=80=99s Time to Ret=
hink the Debt Limit </strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
The debt limit has manifestly failed to restrain federal=
borrowing, but it has created periodic crises that consume Congress=E2=80=
=99 time and cause the United States to walk right up to the edge of defaul=
t. Is there a better way? In this blog, <strong>G. William Hoagland</strong=
>, <strong>Shai Akabas</strong>, and <strong>Tim Shaw</strong> propose an a=
lternative mechanism that would enforce fiscal discipline while avoiding da=
ngerous brinkmanship.=20
</p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAw=
MGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYWFjNmZjOGQwMTAwODI5ZQ%3AZmFsc2U%3ANg%3=
A%3AaHR0cHM6Ly9iaXBhcnRpc2FucG9saWN5Lm9yZy9mZWRlcmFsLWRlYnQtbGltaXQtbXl0aHM=
tdnMtZmFjdHMvP19jbGRlZT1ZaTVwWjJwaFkydGlkV3gzWVhKclFHZHRZV2xzTG1OdmJRJTNkJT=
NkJnJlY2lwaWVudGlkPWNvbnRhY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExOGNiNDctY=
mM5Y2U0YjhjM2ZkNDk5MWFhYzZmYzhkMDEwMDgyOWUmdXRtX3NvdXJjZT1DbGlja0RpbWVuc2lv=
bnMmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSUyMCU3QyU=
yMEVjb25vbWljJTIwUG9saWN5JmVzaWQ9NDljOThiNzEtZWI1NC1lYjExLWE4MTItMDAyMjQ4MW=
M4ZmM2&K=3DH42m3Ho_G5yylwIyqR3MfA"><strong>Federal Debt Limit Myths vs. Fac=
ts </strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
How much do you know about the debt limit? Learn to sepa=
rate the facts from the myths. </p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAw=
MGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYWFjNmZjOGQwMTAwODI5ZQ%3AZmFsc2U%3ANw%3=
A%3AaHR0cHM6Ly9iaXBhcnRpc2FucG9saWN5Lm9yZy9kZWJ0LWxpbWl0LWhpc3RvcnkvP19jbGR=
lZT1ZaTVwWjJwaFkydGlkV3gzWVhKclFHZHRZV2xzTG1OdmJRJTNkJTNkJnJlY2lwaWVudGlkPW=
NvbnRhY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExOGNiNDctYmM5Y2U0YjhjM2ZkNDk5M=
WFhYzZmYzhkMDEwMDgyOWUmdXRtX3NvdXJjZT1DbGlja0RpbWVuc2lvbnMmdXRtX21lZGl1bT1l=
bWFpbCZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSUyMCU3QyUyMEVjb25vbWljJTIwUG9=
saWN5JmVzaWQ9NDljOThiNzEtZWI1NC1lYjExLWE4MTItMDAyMjQ4MWM4ZmM2&K=3DVo15_sQBF=
AAQVzEqCcS8MQ"><strong>Recent History of the Debt Limit </strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
Five times in the past decade the U.S. federal governmen=
t narrowly avoided a potentially catastrophic default on federal obligation=
s due to political brinkmanship over the debt limit. Here is a history of o=
ur close escapes from default. </p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
</td>
</tr>
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<tr><td></td></tr>
<![endif]-->
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" heigh=
t=3D"10" width=3D"100%" style=3D"margin-top: 20px;">
<tr>
<td background=3D"[link removed]
artisanpolicyorg-a5ii9/images/digital/newbpc-pattern-scallop1.jpg" valign=
=3D"top">
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<v:rect xmlns:v=3D"urn:schemas-microsoft-com:vml" fill=
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ensions.com/bipartisanpolicyorg-a5ii9/images/digital/newbpc-pattern-scallop=
1.jpg" />
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</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 800; color: #2F4465; margin: 20px 60px; font-size: 18px;">
Highlights from 2020=20
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: -10p=
x 60px; font-size: 14px;">
2020 was an unprecedented year. Below we highlight our =
most popular content. =20
</p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAw=
MGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYWFjNmZjOGQwMTAwODI5ZQ%3AZmFsc2U%3AOA%3=
A%3AaHR0cHM6Ly9iaXBhcnRpc2FucG9saWN5Lm9yZy9yZXBvcnQvaG93LXRvLWhlbHAtYW1lcml=
jYW5zLWNsYWltLXNvY2lhbC1zZWN1cml0eS1hdC10aGUtcmlnaHQtYWdlLz9fY2xkZWU9WWk1cF=
oycGhZMnRpZFd4M1lYSnJRR2R0WVdsc0xtTnZiUSUzZCUzZCZyZWNpcGllbnRpZD1jb250YWN0L=
TlhNjE1MmEzN2NhYWU5MTFhOTdmMDAwZDNhMThjYjQ3LWJjOWNlNGI4YzNmZDQ5OTFhYWM2ZmM4=
ZDAxMDA4MjllJnV0bV9zb3VyY2U9Q2xpY2tEaW1lbnNpb25zJnV0bV9tZWRpdW09ZW1haWwmdXR=
tX2NhbXBhaWduPVByb2plY3QlMjBVcGRhdGUlMjAlN0MlMjBFY29ub21pYyUyMFBvbGljeSZlc2=
lkPTQ5Yzk4YjcxLWViNTQtZWIxMS1hODEyLTAwMjI0ODFjOGZjNg&K=3DAI7ekqscvCKvYjuifW=
-kQg"><strong>How to Help Americans Claim Social Security at the Right Age =
</strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
=20
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
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A%3AaHR0cHM6Ly9iaXBhcnRpc2FucG9saWN5Lm9yZy9ibG9nL2NvdmlkLTE5LWhhcy1tYWRlLXN=
vY2lhbC1zZWN1cml0eXMtZmluYW5jaWFsLWNoYWxsZW5nZXMtZXZlbi1tb3JlLWltbWluZW50Lz=
9fY2xkZWU9WWk1cFoycGhZMnRpZFd4M1lYSnJRR2R0WVdsc0xtTnZiUSUzZCUzZCZyZWNpcGllb=
nRpZD1jb250YWN0LTlhNjE1MmEzN2NhYWU5MTFhOTdmMDAwZDNhMThjYjQ3LWJjOWNlNGI4YzNm=
ZDQ5OTFhYWM2ZmM4ZDAxMDA4MjllJnV0bV9zb3VyY2U9Q2xpY2tEaW1lbnNpb25zJnV0bV9tZWR=
pdW09ZW1haWwmdXRtX2NhbXBhaWduPVByb2plY3QlMjBVcGRhdGUlMjAlN0MlMjBFY29ub21pYy=
UyMFBvbGljeSZlc2lkPTQ5Yzk4YjcxLWViNTQtZWIxMS1hODEyLTAwMjI0ODFjOGZjNg&K=3DgJ=
Vf1vLA0CMzRVIW3y7DIQ"><strong>COVID-19 Has Made Social Security=E2=80=99s F=
inancial Challenges Even More Imminent </strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
=20
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
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RoLWphbmV0LXllbGxlbi1hbmQtZGF2aWQtbWFscGFzcy8_X2NsZGVlPVlpNXBaMnBoWTJ0aWRXe=
DNZWEpyUUdkdFlXbHNMbU52YlElM2QlM2QmcmVjaXBpZW50aWQ9Y29udGFjdC05YTYxNTJhMzdj=
YWFlOTExYTk3ZjAwMGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYWFjNmZjOGQwMTAwODI5ZSZ=
1dG1fc291cmNlPUNsaWNrRGltZW5zaW9ucyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj=
1Qcm9qZWN0JTIwVXBkYXRlJTIwJTdDJTIwRWNvbm9taWMlMjBQb2xpY3kmZXNpZD00OWM5OGI3M=
S1lYjU0LWViMTEtYTgxMi0wMDIyNDgxYzhmYzY&K=3DS4wyT3aEpg5_W6qiY0vJwQ"><strong>=
A Conversation with Janet Yellen and David Malpass </strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
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</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
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JlLWFsbC1vci1ub3RoaW5nLWhvdy11bmVtcGxveW1lbnQtaW5zdXJhbmNlLWNvdWxkLXN1cHBvc=
nQtd29yay1hbmQtY29udGludWUtdG8tcHJvdmlkZS1maW5hbmNpYWwtcmVsaWVmLz9fY2xkZWU9=
WWk1cFoycGhZMnRpZFd4M1lYSnJRR2R0WVdsc0xtTnZiUSUzZCUzZCZyZWNpcGllbnRpZD1jb25=
0YWN0LTlhNjE1MmEzN2NhYWU5MTFhOTdmMDAwZDNhMThjYjQ3LWJjOWNlNGI4YzNmZDQ5OTFhYW=
M2ZmM4ZDAxMDA4MjllJnV0bV9zb3VyY2U9Q2xpY2tEaW1lbnNpb25zJnV0bV9tZWRpdW09ZW1ha=
WwmdXRtX2NhbXBhaWduPVByb2plY3QlMjBVcGRhdGUlMjAlN0MlMjBFY29ub21pYyUyMFBvbGlj=
eSZlc2lkPTQ5Yzk4YjcxLWViNTQtZWIxMS1hODEyLTAwMjI0ODFjOGZjNg&K=3D6f6CQE6sE-nc=
Dh-iwtcZGA"><strong>It Doesn=E2=80=99t Have to Be All or Nothing: How Unemp=
loyment Insurance Could Support Work and Continue to Provide Financial Reli=
ef </strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
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=20
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<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" heigh=
t=3D"10" width=3D"100%" style=3D"margin-top: 20px;">
<tr>
<td background=3D"[link removed]
artisanpolicyorg-a5ii9/images/digital/newbpc-pattern-scallop1.jpg" valign=
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t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 800; color: #2F4465; margin: 20px 60px; font-size: 18px;">
Press Highlights =20
</div>
</td>
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</table>
</td>
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=20
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
CNBC | <a style =3D "color: #3687E7" href=3D"https:=
//elink.clickdimensions.com/c/6/?T=3DMTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdj=
NTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29=
udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAwMGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYW=
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S8wMS8wNi8yMDAwLXN0aW11bHVzLWNoZWNrcy1wb3NzaWJsZS1pZi1kZW1vY3JhdHMtd2luLXNl=
bmF0ZS1tYWpvcml0eS5odG1sP19jbGRlZT1ZaTVwWjJwaFkydGlkV3gzWVhKclFHZHRZV2xzTG1=
OdmJRJTNkJTNkJnJlY2lwaWVudGlkPWNvbnRhY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2=
ExOGNiNDctYmM5Y2U0YjhjM2ZkNDk5MWFhYzZmYzhkMDEwMDgyOWUmdXRtX3NvdXJjZT1DbGlja=
0RpbWVuc2lvbnMmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0=
ZSUyMCU3QyUyMEVjb25vbWljJTIwUG9saWN5JmVzaWQ9NDljOThiNzEtZWI1NC1lYjExLWE4MTI=
tMDAyMjQ4MWM4ZmM2&K=3DKLfD39GU9RE3x6A2M_5zwQ"> $2,000 stimulus checks possi=
ble if Democrats win Senate majority </strong></a>
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
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style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
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t:5px;padding-right:5px;">
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
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style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
WSJ |</a> <a style =3D "color: #3687E7" href=3D"htt=
ps://elink.clickdimensions.com/c/6/?T=3DMTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyY=
jdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3A=
Y29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAwMGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTk=
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RpY2xlcy95ZXMtaXQtaXMtcG9zc2libGUtdG8taGF2ZS10b28tbXVjaC1zdGltdWx1cy0xMTYwO=
TM0MTU1OT9fY2xkZWU9WWk1cFoycGhZMnRpZFd4M1lYSnJRR2R0WVdsc0xtTnZiUSUzZCUzZCZy=
ZWNpcGllbnRpZD1jb250YWN0LTlhNjE1MmEzN2NhYWU5MTFhOTdmMDAwZDNhMThjYjQ3LWJjOWN=
lNGI4YzNmZDQ5OTFhYWM2ZmM4ZDAxMDA4MjllJnV0bV9zb3VyY2U9Q2xpY2tEaW1lbnNpb25zJn=
V0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPVByb2plY3QlMjBVcGRhdGUlMjAlN0MlMjBFY=
29ub21pYyUyMFBvbGljeSZlc2lkPTQ5Yzk4YjcxLWViNTQtZWIxMS1hODEyLTAwMjI0ODFjOGZj=
Ng&K=3DAATXJesstMKQddJOrErecw"> Yes, It Is Possible to Have too Much Stimul=
us </strong></a>
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
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style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
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</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
The National Interest |</a> <a style =3D "color: #3=
687E7" href=3D"[link removed]
tYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi5pZ2phY2tidWx3YXJ=
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mEzN2NhYWU5MTFhOTdmMDAwZDNhMThjYjQ3LWJjOWNlNGI4YzNmZDQ5OTFhYWM2ZmM4ZDAxMDA4=
MjllJnV0bV9zb3VyY2U9Q2xpY2tEaW1lbnNpb25zJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXB=
haWduPVByb2plY3QlMjBVcGRhdGUlMjAlN0MlMjBFY29ub21pYyUyMFBvbGljeSZlc2lkPTQ5Yz=
k4YjcxLWViNTQtZWIxMS1hODEyLTAwMjI0ODFjOGZjNg&K=3DpRlE6JD6TYSWDVPMBjjOSQ"> S=
urprise: The National Debt is Still a Problems (It Always Has Been) </stro=
ng></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
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</td>
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<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
Yahoo! Finance | </a> <a style =3D "color: #3687E7" =
href=3D"[link removed]
EyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi5pZ2phY2tidWx3YXJrQGdtYW=
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lLnlhaG9vLmNvbS9uZXdzL2hhcnJpcy1wb2xsLW1pbGxlbmlhbHMtb3V0c2l6ZWQtZmluYW5jaW=
FsLWJ1cmRlbnMtMjE1ODMxNzc1Lmh0bWw_X2NsZGVlPVlpNXBaMnBoWTJ0aWRXeDNZWEpyUUdkd=
FlXbHNMbU52YlElM2QlM2QmcmVjaXBpZW50aWQ9Y29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3=
ZjAwMGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYWFjNmZjOGQwMTAwODI5ZSZ1dG1fc291cmN=
lPUNsaWNrRGltZW5zaW9ucyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1Qcm9qZWN0JT=
IwVXBkYXRlJTIwJTdDJTIwRWNvbm9taWMlMjBQb2xpY3kmZXNpZD00OWM5OGI3MS1lYjU0LWViM=
TEtYTgxMi0wMDIyNDgxYzhmYzY&K=3D6PRGtz01_XKkWDAu9iThLA"> A New Poll Shows th=
e =E2=80=98Outsized=E2=80=99 Financial Burdens Faced by Millennials </stron=
g></a>
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</tr>
</table>
</td>
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<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
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</p>
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<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
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=3D"center">
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
The Ripon Society | </a> <a style =3D "color: #3687=
E7" href=3D"[link removed]
IxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi5pZ2phY2tidWx3YXJrQG=
dtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAwMGQzYTE4Y2I0Ny1iYzlj=
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vbnNvY2lldHkub3JnL2FydGljbGUvdGhlLWdob3N0cy1vZi1idWRnZXRzLXBhc3QtcHJlc2VudC=
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nJlY2lwaWVudGlkPWNvbnRhY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExOGNiNDctYmM5=
Y2U0YjhjM2ZkNDk5MWFhYzZmYzhkMDEwMDgyOWUmdXRtX3NvdXJjZT1DbGlja0RpbWVuc2lvbnM=
mdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSUyMCU3QyUyME=
Vjb25vbWljJTIwUG9saWN5JmVzaWQ9NDljOThiNzEtZWI1NC1lYjExLWE4MTItMDAyMjQ4MWM4Z=
mM2&K=3DDUOoGV7D-ljFUYOBuCzrnw"> The Ghosts of Budgets Past, Present & Futu=
re </strong></a>
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</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
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</p>
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<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" heigh=
t=3D"10" width=3D"100%" style=3D"margin-top: 20px;">
<tr>
<td background=3D"[link removed]
artisanpolicyorg-a5ii9/images/digital/newbpc-pattern-scallop1.jpg" valign=
=3D"top">
<!--[if gte mso 9]>
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<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-l=
eft:0px;padding-right:0px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" bgcolor=3D"#2F4465"
style=3D"background-color: #2F4465; padding: 20px 70px; tex=
t-align: center; margin-top: 20px;">
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<td style=3D"width:590px;vertical-align:top">
<table>
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<td style=3D"text-align: center;">
<span class=3D"promptFallback"
style=3D"text-align: center; color: white; font=
-family: 'Prompt', sans-serif; font-size: 14px; margin: 0px 0px;">
<strong> Ideas. Action. Results.</strong>=20
</span>
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<td style=3D"text-align: center;">
<span class=3D"promptFallback"
style=3D"text-align: center; color: white; font=
-family: 'Prompt', sans-serif; font-size: 14px; margin: 15px 0;">
We fight to create a better future for all Amer=
icans through lasting,
bipartisan policy change. Your support helps us=
achieve that goal.
=20
</span>
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<td style=3D"text-align: center; padding:10px">
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<img
src=3D"[link removed]
anpolicyorg-a5ii9/images/social_media_icons/social-1_logo-twitter.png"
style=3D"width: 20px; height: 20px;" width=3D"20" h=
eight=3D"20"></a>
</div>
</td>
<td style=3D"width:5px;">
</td>
<td style=3D"width:55px;vertical-align:top;background-col=
or:transparent;">
<div class=3D"socialIcon">
<a href=3D"[link removed]
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src=3D"[link removed]
anpolicyorg-a5ii9/images/social_media_icons/social-1_logo-instagram.png"
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eight=3D"20"></a>
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</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:0px;padding-right:0px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" bgcolor=3D"#2F4465"
style=3D"background-color: #2F4465; padding: 30px 60px 30px=
60px;">
<tr>
<td style=3D"width:590px;vertical-align:top;">
<table>
<tr>
<td>
<span class=3D"spectralFallback bold"
style=3D"font-family: 'Spectral', serif;font-si=
ze: 28px; font-weight: 700; color: white;">
The Latest from BPC=E2=80=99s Economic Policy P=
roject =E2=80=AF=E2=80=AF=E2=80=AF=20
</span>
</td>
</tr>
<tr>
<td>
<span class=3D"spectralFallback"
style=3D"font-family: 'Spectral', serif;font-si=
ze: 14px; line-height: 1em; margin-bottom: 20px; color: white;">
This monthly newsletter highlights what=E2=80=99=
s new from BPC on economic policy.=E2=80=AFKeep scrolling=E2=80=AFfor BPC=
=E2=80=99s recommendations on debt limit reform, interactive debt limit exp=
lainers, highlights from 2020, and media highlights. If you=E2=80=AFhave an=
y questions or want additional info about BPC=E2=80=99s economic policy wor=
k, email <a class=3D"promptFallback bold"
style=3D"font-family: 'Spectral', serif; font-weigh=
t: 500; font-size: 14px; text-decoration: underline; color: #F6FBC2" href =
=3D "mailto: [email protected]">[email protected]</a>=
.=20
</span>
</td>
</tr>
=20
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 800; color: #2F4465; margin: 20px 60px; font-size: 18px;">
The Debt Limit Explained=20
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAw=
MGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYWFjNmZjOGQwMTAwODI5ZQ%3AZmFsc2U%3AMw%3=
A%3AaHR0cHM6Ly9iaXBhcnRpc2FucG9saWN5Lm9yZy9yZXBvcnQvZGVidC1saW1pdC13aGF0LXl=
vdS1uZWVkLXRvLWtub3cvP19jbGRlZT1ZaTVwWjJwaFkydGlkV3gzWVhKclFHZHRZV2xzTG1Odm=
JRJTNkJTNkJnJlY2lwaWVudGlkPWNvbnRhY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExO=
GNiNDctYmM5Y2U0YjhjM2ZkNDk5MWFhYzZmYzhkMDEwMDgyOWUmdXRtX3NvdXJjZT1DbGlja0Rp=
bWVuc2lvbnMmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSU=
yMCU3QyUyMEVjb25vbWljJTIwUG9saWN5JmVzaWQ9NDljOThiNzEtZWI1NC1lYjExLWE4MTItMD=
AyMjQ4MWM4ZmM2&K=3DILNJoa0RWCD0e84QTlWSaA"><strong>The Debt Limit: What You=
Need to Know </strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
What is the debt limit? What happens if we hit it? Wh=
at would be the consequences of failing to raise it in time? This short sum=
mary answers these questions and more.=20
</p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAw=
MGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYWFjNmZjOGQwMTAwODI5ZQ%3AZmFsc2U%3ANA%3=
A%3AaHR0cHM6Ly9iaXBhcnRpc2FucG9saWN5Lm9yZy9yZXBvcnQvZXh0cmFvcmRpbmFyeS1tZWF=
zdXJlcy1zaW1wbGlmaWVkLWV4cGxhaW5lci8_X2NsZGVlPVlpNXBaMnBoWTJ0aWRXeDNZWEpyUU=
dkdFlXbHNMbU52YlElM2QlM2QmcmVjaXBpZW50aWQ9Y29udGFjdC05YTYxNTJhMzdjYWFlOTExY=
Tk3ZjAwMGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYWFjNmZjOGQwMTAwODI5ZSZ1dG1fc291=
cmNlPUNsaWNrRGltZW5zaW9ucyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1Qcm9qZWN=
0JTIwVXBkYXRlJTIwJTdDJTIwRWNvbm9taWMlMjBQb2xpY3kmZXNpZD00OWM5OGI3MS1lYjU0LW=
ViMTEtYTgxMi0wMDIyNDgxYzhmYzY&K=3DfSGkelV0NDaPA3OXuuJIBQ"><strong>Extraordi=
nary Measures, Simplified </strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
What are extraordinary measures and how long can they =
last? =20
</p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAw=
MGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYWFjNmZjOGQwMTAwODI5ZQ%3AZmFsc2U%3ANQ%3=
A%3AaHR0cHM6Ly9iaXBhcnRpc2FucG9saWN5Lm9yZy9ibG9nL2l0cy10aW1lLXRvLXJldGhpbms=
tdGhlLWRlYnQtbGltaXQvP19jbGRlZT1ZaTVwWjJwaFkydGlkV3gzWVhKclFHZHRZV2xzTG1Odm=
JRJTNkJTNkJnJlY2lwaWVudGlkPWNvbnRhY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExO=
GNiNDctYmM5Y2U0YjhjM2ZkNDk5MWFhYzZmYzhkMDEwMDgyOWUmdXRtX3NvdXJjZT1DbGlja0Rp=
bWVuc2lvbnMmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSU=
yMCU3QyUyMEVjb25vbWljJTIwUG9saWN5JmVzaWQ9NDljOThiNzEtZWI1NC1lYjExLWE4MTItMD=
AyMjQ4MWM4ZmM2&K=3DnrOIruRvxHOmy92x-B1LLQ"><strong>It=E2=80=99s Time to Ret=
hink the Debt Limit </strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
The debt limit has manifestly failed to restrain federal=
borrowing, but it has created periodic crises that consume Congress=E2=80=
=99 time and cause the United States to walk right up to the edge of defaul=
t. Is there a better way? In this blog, <strong>G. William Hoagland</strong=
>, <strong>Shai Akabas</strong>, and <strong>Tim Shaw</strong> propose an a=
lternative mechanism that would enforce fiscal discipline while avoiding da=
ngerous brinkmanship.=20
</p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAw=
MGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYWFjNmZjOGQwMTAwODI5ZQ%3AZmFsc2U%3ANg%3=
A%3AaHR0cHM6Ly9iaXBhcnRpc2FucG9saWN5Lm9yZy9mZWRlcmFsLWRlYnQtbGltaXQtbXl0aHM=
tdnMtZmFjdHMvP19jbGRlZT1ZaTVwWjJwaFkydGlkV3gzWVhKclFHZHRZV2xzTG1OdmJRJTNkJT=
NkJnJlY2lwaWVudGlkPWNvbnRhY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExOGNiNDctY=
mM5Y2U0YjhjM2ZkNDk5MWFhYzZmYzhkMDEwMDgyOWUmdXRtX3NvdXJjZT1DbGlja0RpbWVuc2lv=
bnMmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSUyMCU3QyU=
yMEVjb25vbWljJTIwUG9saWN5JmVzaWQ9NDljOThiNzEtZWI1NC1lYjExLWE4MTItMDAyMjQ4MW=
M4ZmM2&K=3DH42m3Ho_G5yylwIyqR3MfA"><strong>Federal Debt Limit Myths vs. Fac=
ts </strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
How much do you know about the debt limit? Learn to sepa=
rate the facts from the myths. </p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
<div>
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
=C2=A0=20
</p>
</div>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center">
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAw=
MGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTkxYWFjNmZjOGQwMTAwODI5ZQ%3AZmFsc2U%3ANw%3=
A%3AaHR0cHM6Ly9iaXBhcnRpc2FucG9saWN5Lm9yZy9kZWJ0LWxpbWl0LWhpc3RvcnkvP19jbGR=
lZT1ZaTVwWjJwaFkydGlkV3gzWVhKclFHZHRZV2xzTG1OdmJRJTNkJTNkJnJlY2lwaWVudGlkPW=
NvbnRhY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2ExOGNiNDctYmM5Y2U0YjhjM2ZkNDk5M=
WFhYzZmYzhkMDEwMDgyOWUmdXRtX3NvdXJjZT1DbGlja0RpbWVuc2lvbnMmdXRtX21lZGl1bT1l=
bWFpbCZ1dG1fY2FtcGFpZ249UHJvamVjdCUyMFVwZGF0ZSUyMCU3QyUyMEVjb25vbWljJTIwUG9=
saWN5JmVzaWQ9NDljOThiNzEtZWI1NC1lYjExLWE4MTItMDAyMjQ4MWM4ZmM2&K=3DVo15_sQBF=
AAQVzEqCcS8MQ"><strong>Recent History of the Debt Limit </strong></a>
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
Five times in the past decade the U.S. federal governmen=
t narrowly avoided a potentially catastrophic default on federal obligation=
s due to political brinkmanship over the debt limit. Here is a history of o=
ur close escapes from default. </p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
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style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
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</tr>
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<tr><td></td></tr>
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t:5px;padding-right:5px;">
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t=3D"10" width=3D"100%" style=3D"margin-top: 20px;">
<tr>
<td background=3D"[link removed]
artisanpolicyorg-a5ii9/images/digital/newbpc-pattern-scallop1.jpg" valign=
=3D"top">
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t:5px;padding-right:5px;">
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=3D"center">
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lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 800; color: #2F4465; margin: 20px 60px; font-size: 18px;">
Highlights from 2020=20
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t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" align=
=3D"center" >
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<p class=3D"spectralFallback"
style=3D"font-family: 'Faustina', serif; margin: -10p=
x 60px; font-size: 14px;">
2020 was an unprecedented year. Below we highlight our =
most popular content. =20
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lor:#ffffff;">
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style=3D"font-family: 'Faustina', serif; margin: 0 60=
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
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style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAw=
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jYW5zLWNsYWltLXNvY2lhbC1zZWN1cml0eS1hdC10aGUtcmlnaHQtYWdlLz9fY2xkZWU9WWk1cF=
oycGhZMnRpZFd4M1lYSnJRR2R0WVdsc0xtTnZiUSUzZCUzZCZyZWNpcGllbnRpZD1jb250YWN0L=
TlhNjE1MmEzN2NhYWU5MTFhOTdmMDAwZDNhMThjYjQ3LWJjOWNlNGI4YzNmZDQ5OTFhYWM2ZmM4=
ZDAxMDA4MjllJnV0bV9zb3VyY2U9Q2xpY2tEaW1lbnNpb25zJnV0bV9tZWRpdW09ZW1haWwmdXR=
tX2NhbXBhaWduPVByb2plY3QlMjBVcGRhdGUlMjAlN0MlMjBFY29ub21pYyUyMFBvbGljeSZlc2=
lkPTQ5Yzk4YjcxLWViNTQtZWIxMS1hODEyLTAwMjI0ODFjOGZjNg&K=3DAI7ekqscvCKvYjuifW=
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lor:#ffffff;">
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style=3D"font-family: 'Faustina', serif; margin: 0 60=
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t:5px;padding-right:5px;">
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lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
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style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
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A%3AaHR0cHM6Ly9iaXBhcnRpc2FucG9saWN5Lm9yZy9ibG9nL2NvdmlkLTE5LWhhcy1tYWRlLXN=
vY2lhbC1zZWN1cml0eXMtZmluYW5jaWFsLWNoYWxsZW5nZXMtZXZlbi1tb3JlLWltbWluZW50Lz=
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nRpZD1jb250YWN0LTlhNjE1MmEzN2NhYWU5MTFhOTdmMDAwZDNhMThjYjQ3LWJjOWNlNGI4YzNm=
ZDQ5OTFhYWM2ZmM4ZDAxMDA4MjllJnV0bV9zb3VyY2U9Q2xpY2tEaW1lbnNpb25zJnV0bV9tZWR=
pdW09ZW1haWwmdXRtX2NhbXBhaWduPVByb2plY3QlMjBVcGRhdGUlMjAlN0MlMjBFY29ub21pYy=
UyMFBvbGljeSZlc2lkPTQ5Yzk4YjcxLWViNTQtZWIxMS1hODEyLTAwMjI0ODFjOGZjNg&K=3DgJ=
Vf1vLA0CMzRVIW3y7DIQ"><strong>COVID-19 Has Made Social Security=E2=80=99s F=
inancial Challenges Even More Imminent </strong></a>
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<tr>
<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
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style=3D"font-family: 'Faustina', serif; margin: 0 60=
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
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style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
MTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyYjdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi=
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
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style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
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t:5px;padding-right:5px;">
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=3D"center">
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:transparent;">
<div class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
<a class=3D"promptFallback bold"
style=3D"font-family: 'Prompt', sans-serif; font-we=
ight: 500; font-size: 14px; text-decoration: underline; color: #3687E7"
href=3D"[link removed]
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nQtd29yay1hbmQtY29udGludWUtdG8tcHJvdmlkZS1maW5hbmNpYWwtcmVsaWVmLz9fY2xkZWU9=
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WwmdXRtX2NhbXBhaWduPVByb2plY3QlMjBVcGRhdGUlMjAlN0MlMjBFY29ub21pYyUyMFBvbGlj=
eSZlc2lkPTQ5Yzk4YjcxLWViNTQtZWIxMS1hODEyLTAwMjI0ODFjOGZjNg&K=3D6f6CQE6sE-nc=
Dh-iwtcZGA"><strong>It Doesn=E2=80=99t Have to Be All or Nothing: How Unemp=
loyment Insurance Could Support Work and Continue to Provide Financial Reli=
ef </strong></a>
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<td style=3D"width:590px;vertical-align:top;background-co=
lor:#ffffff;">
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style=3D"font-family: 'Faustina', serif; margin: 0 60=
px; font-size: 14px;">
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<td style=3D"padding-top:2.5px;padding-bottom:2.5px;padding-lef=
t:5px;padding-right:5px;">
<table cellpadding=3D"0" cellspacing=3D"0" border=3D"0" heigh=
t=3D"10" width=3D"100%" style=3D"margin-top: 20px;">
<tr>
<td background=3D"[link removed]
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t:5px;padding-right:5px;">
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lor:transparent;">
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style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 800; color: #2F4465; margin: 20px 60px; font-size: 18px;">
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style=3D"font-family: 'Prompt', sans-serif; font-weig=
ht: 500; margin: 0 60px; font-size: 14px; line-height: 1em;">
CNBC | <a style =3D "color: #3687E7" href=3D"https:=
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NTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3AY29=
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OdmJRJTNkJTNkJnJlY2lwaWVudGlkPWNvbnRhY3QtOWE2MTUyYTM3Y2FhZTkxMWE5N2YwMDBkM2=
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WSJ |</a> <a style =3D "color: #3687E7" href=3D"htt=
ps://elink.clickdimensions.com/c/6/?T=3DMTE3NDM3Mzc%3AMDItYjIxMDEyLTNmYTAyY=
jdjNTA3YjRjZjhiMWYwYzkzYmNkZmZmNTg5%3AYi5pZ2phY2tidWx3YXJrQGdtYWlsLmNvbQ%3A=
Y29udGFjdC05YTYxNTJhMzdjYWFlOTExYTk3ZjAwMGQzYTE4Y2I0Ny1iYzljZTRiOGMzZmQ0OTk=
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RpY2xlcy95ZXMtaXQtaXMtcG9zc2libGUtdG8taGF2ZS10b28tbXVjaC1zdGltdWx1cy0xMTYwO=
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ZWNpcGllbnRpZD1jb250YWN0LTlhNjE1MmEzN2NhYWU5MTFhOTdmMDAwZDNhMThjYjQ3LWJjOWN=
lNGI4YzNmZDQ5OTFhYWM2ZmM4ZDAxMDA4MjllJnV0bV9zb3VyY2U9Q2xpY2tEaW1lbnNpb25zJn=
V0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPVByb2plY3QlMjBVcGRhdGUlMjAlN0MlMjBFY=
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