Debt ceiling plan passes, winners and losers emerge.

Economists say that everyone wins if the debt ceiling deal passes, as expected, before June 5. A default and a ratings downgrade would have been catastrophic for the economy, jobs, and the stock market. The deal only curbs government spending by a small amount, which should keep the big economic picture largely unchanged. The small fiscal belt-tightening should help the Fed fight inflation. The fate of student loan forgiveness remains in the hands of the Supreme Court, but the debt ceiling plan forbids any more pauses on student loans.