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: Federal Budget (US)
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The Debt Ceiling Deal and Climate Action
Tucked into the measure are changes to how the government approves projects at the center of the country’s climate goals.
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Biden to Deliver Oval Office Address as U.S. Averts Default
The president will speak on Friday evening after congressional passage of legislation that narrowly averts economic calamity.
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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.