Biden’s deal with Republicans would avoid default and deserves support, but Congress was reckless in allowing this standoff to happen again.
Tag: Congressional Budget Office
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How to Use the Debt Ceiling to Inflict Cruelty on the Poor
Republicans have singled out low-income Americans, yet again, as a prime target in this year’s scheme over the debt limit.
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U.S. Faces ‘Significant Risk’ of Running Out of Cash in June, C.B.O. Warns
A default would cause financial distress, economic disruptions and rapid increases in borrowing rates, the nonpartisan Congressional Budget Office said.
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In Debt Limit Talks, Biden and Republicans Start Far Apart
As the president prepares to meet with Speaker Kevin McCarthy this week, his budget shares little common ground with spending and tax proposals from House Republicans.