How America Can Avoid the Next Debt-Ceiling Showdown
Lessons from 1879, when the U.S. government almost shut down but didn't
As clocks across Washington, D.C., struck 1 on the morning of March 4, 1879, the Capitol bustled with activity. Sleepless tourists packed its halls; Cabinet secretaries stayed huddled in consultation with congressmen; diplomats and socialites remained shoulder-to-shoulder in the Senate viewing gallery, transfixed by the scene unfolding below them.
They were all witnessing a grimly fascinating event—one that few Americans had, until that moment, thought possible: Their government was about to run out of money. More startling, the reason for its insolvency was not some economic crisis, nor war, but a deliberate act of sabotage. For the first time, one party had decided to withhold federal funding
