What’s in the Debt Deal

Written by on May 28, 2023

America is a little closer to averting a self-imposed economic crisis.

President Biden and Speaker Kevin McCarthy, the Republican House leader, announced yesterday that they had reached a deal to increase the amount of money the government can borrow. The deal includes caps on federal spending, additional work requirements for food stamps and welfare, and reforms to build energy projects more quickly. Altogether, it is the kind of . . .

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