Mike Pence made it official today by filing his paperwork to launch his 2024 presidential bid. He will hold a public announcement event on Wednesday, in Des Moines, Iowa. Pence has close to a zero percent chance of winning the Republican nomination, with his chances for possibly reprising his role as vice president hovering at somewhat less than zero. There doesn't seem to be any viable path forward for Pence, which seemingly everyone but Pence can clearly see.

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And so it all ended with a whimper and not a bang. President Joe Biden will sign the bill passed by both houses of Congress to increase the debt ceiling until after the 2024 elections. The bill is a clear victory for Biden, since it contains very little (virtually any) of the initial Republican budget-slashing demands. But Biden couldn't come out and say how good a deal he got from House Speaker Kevin McCarthy until now, because if he had done so it would have fed into the resistance by the farthest-right members of Congress, but now that the bill has safely been passed Biden has scheduled an Oval Office address for later today (7:00 PM, Eastern Time). We should note this is too late for anything he says to be addressed or included here in this column, but we will definitely be watching Biden speak later on today. [Editorial Note: we did listen to Biden's address, and we know it may be hard to believe, but we had picked out our "Crisis Averted" headline before Biden used the phrase tonight.]

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We began the week waiting, and we are ending the week waiting. All week long, rumors have leaked out about the status of the budget negotiations between House Speaker Kevin McCarthy and President Joe Biden, with both sides spinning madly to impress their bases, but we end the week with no deal actually inked.

However, we may be close. At least, that's today's big leak. It seems like both sides have agreed to some topline numbers with various face-saving things thrown in so they can both claim at least a certain degree of victory. Whether this actually works or not is still an open question.

Members of both parties are doubtlessly going to howl when the details are publicly released, and then they'll accuse their own negotiators of "giving away the store." But others will accept the face-saving spin and push forward, most likely. That's usually the endgame for such sticky negotiations, at any rate.

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Sorry folks, but there will be no new column today. I had to deal with some real-world stuff (car, etc.) and also will be preparing for tomorrow's column later, so I just didn't have the bandwidth to write a new one today. But there seem to be an adequate number of people commenting on how bad the Ron DeSantis "failure to launch" event was yesterday, and the temptation to write about it again would probably have been too much for me today, so I guess the rest of the internet already has that subject adequately covered.

Instead, just because I was curious, I went back eight years to May of 2015, just to see what I was saying about the state of the presidential horserace back then. I came across this column -- published eight years ago tomorrow -- where I reviewed the state of the Republican nomination race. Astonishingly, there was one prominent name missing. Which means I have to live down having written the following line, back then: "[Donald] Trump would be (quite obviously) nothing more than a vanity candidate...." We all had to eat a few words in 2015, and that was just one early embarrassing example from my own keyboard, I fully admit.

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Florida Governor Ron DeSantis is now officially a candidate for president of the United States. He filed paperwork earlier today, and he will be making his campaign launch announcement in a fairly unconventional way (perhaps even as we write this) on Twitter (with Elon Musk). His entry into the race is not at all unexpected, and will have come as a surprise to precisely no one. He's essentially already been running since at least last year. But by announcing, DeSantis has now made it official -- the race for the Republican nomination is now a two-man race.

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President Joe Biden could have avoided the political nightmare he is now caught in the middle of, if he had earlier worked with those in Congress who attempted to deal with the situation before it ever got to this point. But Biden, for some inexplicable reason, decided not to defuse the ticking time bomb and instead he counted on it not blowing up in his face. Assuming for the moment that somehow we'll all manage to safely get out of this situation in the next few weeks (which is still a rather large assumption, at this point), Biden should at least learn the lesson of his own inaction. When the dust settles on the current debt ceiling crisis (no matter how it works out), Biden should immediately move to avoid it ever happening again. Right after whatever deal is struck and passed through Congress, Biden should announce to the country that he has now determined that the debt ceiling itself is incompatible with the 14th Amendment and therefore unconstitutional and null and void. Doing so after the current crisis has been resolved would allow the issue to be litigated while there is no looming threat of default. The case could work its way through the courts all the way up to the Supreme Court with plenty of time to spare, and whichever way the courts ultimately ruled, it wouldn't cause a worldwide economic panic.

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With twelve more days left in the month of May, the debt ceiling follies continue unabated. Speaker of the House Kevin McCarthy just "paused" the negotiations with President Joe Biden, which was a rather pessimistic note to close out what had otherwise been a rather optimistic week. There is speculation that both sides are using this "pause" merely as a political signal to their respective bases -- to show that they are negotiating hard and not giving away the store. If this is true, negotiations will likely resume at some point this weekend. But it's anyone's guess whether they'll agree even on a framework (much less actual legislative text) any time soon.

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President Joe Biden really has no excuse for the conundrum he has created for himself in next year's early primaries. He should have understood from the start what the outcome would be, but he apparently didn't think things through enough. If he had a different history in politics he might have had a believable excuse, but he just doesn't.

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A small wave of primary and special elections happened yesterday, and the results were summed up in a Washington Post headline today: "Republicans Keep Having Bad Elections." This continues an 11-month streak of good showings at the ballot box for Democrats, which began immediately after the Supreme Court's Dobbs decision threw out Roe v. Wade. And while off-year primary elections and midterms aren't always a good predictor of what will happen in the next presidential race, the trendlines certainly do seem to be favoring Democrats.

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May is half over. June looms.

That is where we are, as President Joe Biden and House Speaker Kevin McCarthy try to hammer out some sort of deal which will allow the nation not to default on its debt. Nobody's really sure if June first will actually be the deadline -- the "drop-dead date" is constantly in flux as money comes into government coffers and flows back out again. If we make it to mid-June, the drop-dead date could shift as late as August or September, for instance. But we can't count on that happening -- we must act before the earliest possible date it could happen, which is the first of next month.

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