Debt-ceiling deal makes winners out of everyone

This is the weekend edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on [Bloomberg]( This is the weekend edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. [McCarthy Won the Debt-Limit Deal. Biden Did, Too.]( — Jonathan Bernstein The compromise that Joe Biden and Kevin McCarthy struck to raise the debt ceiling should strengthen the political standing of both leaders, but especially that of McCarthy, whose aptitude and authority as House speaker have been very much in question since he was elected to the job early this year. Photographer: Chip Somodevilla/Getty Images North America The most important outcome from the agreement is that a devastating default will be avoided. There also will be policy changes, including a cap on government spending and new work requirements for some recipients of government assistance, whose effects will be significant. But the political ramifications are meaningful. Most notably, McCarthy will have proved that he can bargain on behalf of his party. He will have demonstrated within the Republican conference that he is willing to take the brunt of criticisms, an important part of a party leader’s job in Congress. He found the support last month to pass a Republican-only bill that kicked off the bargaining with Biden; every time party leaders prove that they can count votes and pass what they want, it makes it more likely that they will win future votes. Not too many observers (and certainly not this columnist!) thought that McCarthy could navigate the dysfunctional House Republican conference. If he can survive, it will be fair to say that he is exceeding expectations. Read the [whole thing](. [Just How Safe Is Your Social Security Paycheck?]( — Shuli Ren [IMAX Has Already Solved the Return-to-Office Problem]( — Conor Sen [Don’t Buy Putin’s Hypersonic Missile Hype]( — Tobin Harshaw [Nvidia Isn’t the Only One Getting a Massive AI Boost]( — Tim Culpan [The GOP Isn’t Letting Go of Racial Resentment]( — Francis Wilkinson [America Needs More Housing, But Not More Public Housing]( — Matthew Yglesias [A Weak Debt-Ceiling Deal Is Better Than None]( — Bloomberg’s editorial board [Saudi Aramco's $2 Trillion Valuation Is an Illusion]( — Javier Blas [WeWork’s Woes Show Return-to-Office Is No Party]( — Lionel Laurent More From Bloomberg Opinion Here’s what we’ve been listening to this week. - [Crash Course: BuzzFeed and the Education of Ben Smith]( with Timothy L. O’Brien (listen on [Apple]( or [Spotify]() - [Bloomberg Opinion: Airline Mergers and Health Worker Concerns]( with Brooke Sutherland, Rachel Rosenthal, Therese Raphael and Kathryn Edwards Follow Us You received this message because you are subscribed to Bloomberg's Bloomberg Opinion Today newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox. [Unsubscribe]( [Bloomberg.com]( [Contact Us]( Bloomberg L.P. 731 Lexington Avenue, New York, NY 10022 [Ads Powered By Liveintent]( [Ad Choices](