What You Need to Know About the Biden/McCarthy Tentative Debt Deal

House Speaker Kevin McCarthy (R‑CA) and President Joe Biden’s deal in principle to avert a debt default raises the debt ceiling for two years, rolls back non-defense discretionary spending to Fiscal Year 2022 levels, and caps top-line federal spending to one-percent annual growth over the next six years.
The exact de …

Leave a Reply

Your email address will not be published. Required fields are marked *

U.S. National Debt

The current U.S. national debt:
Send this to a friend