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.
Tag: National Debt (US)
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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.
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The Case of the Disappearing Debt Disaster
One secret ingredient: Republicans don’t care about policy
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Debt Limit Fight Moves to the Senate as Default Date Nears
Leaders of both parties urged quick action to avoid a default, but some senators want to consider changes.
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McCarthy Emerges From Debt-Limit Fight With Victories, and Some Wounds
The speaker defied expectations and delivered a debt limit agreement that few thought he could manage, but left some of his Republican colleagues feeling betrayed.