The president and his negotiators believe they worked out a deal that allowed Republicans to claim big spending cuts even as the reality was far more modest.
Tag: Democratic Party
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The Debt-Limit Deal Suggests Debt Will Keep Growing, Fast
Negotiations to prevent a government default reaffirmed that the big drivers of future deficits are all off the table in a divided Washington.
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How to Enforce a Debt Deal: Through ‘Meat-Ax’ Cuts Nobody Wants
The debt-limit legislation includes a provision meant to force both sides to pass additional bills following through on their deal: the threat of automatic cuts if they fail to do so.
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Biden Notches Win on Debt Ceiling Deal, but Lets Others Boast
President Biden brokered a debt limit deal by following instincts developed through long, hard and sometimes painful experience in Washington.