The Biden-McCarthy debt ceiling deal.
from Tangle
by Isaac Saul
Published: Tue May 30 2023
Show Notes
The debt ceiling deal. Days before a potential default, President Biden and House Speaker Kevin McCarthy announcedan agreement to suspend the debt limit for two years. The Fiscal Responsibility Act will cut spending, speed up permitting for some energy projects, enact new work requirements for food stamps and TANF, recover $28 billion in unspent Covid money, and redirect roughly $20 billion of IRS funds to other agencies. While party leaders have agreed to the deal, it still faces an uncertain path in the House and Senate, where some opposition has popped up on both sides of the aisle. You can find our previous coverage of the debt limit here.
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Today’s clickables: Quick hits (0:57), Today’s story (3:07), Right’s take (7:21), Left’s take (),Isaac’s take (),Listener question (),Under the Radar (),Numbers (),Have a nice day ()
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