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This is CBSI in the world with Professor Richard Epstein and Senior Fellow of the Hoover Institution.

He teaches law at NYU in the University of Chicago.

The editorial page of the Wall Street Journal makes it very clear that there's a debt deal.

However, the headline is ironic.

A Republican reality check on McCarthy, that would be the speaker, on McCarthy's debt-sealing deal.

The speaker isn't the obstacle to more GOP victories.

Joe Biden and Chuck Schumer are.

Professor, your thoughts about this deal,

at which we'll be revisited in two years for the new term of the new president,

or the re-elected president.

My measure, having read about it for weeks now, is that it does not confront the problem,

which is entitlements.

Is that acceptable to avoid the problem itself and call it a deal?

Well, look, I'm not happy about the deal in terms of its substance and terms,

but I think what one has to do is to understand the position that you have.

You're negotiating under a very strong, very strong default threat.

It may not have been June 1st.

...