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OK, I’ll Bite: What Is the Debt Ceiling?

Por: Slate Politics January 19, 2023

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Congress is gearing up for the fight of the year: raising the debt ceiling. House Speaker Kevin McCarthy will play a pivotal role here, as he his party’s far-right lawmakers that he wouldn’t allow a debt-limit increase to pass unless it came with major spending cuts, in order to secure their support for his speakership bid. And mere weeks into the 118th Congress, Treasury Secretary Janet Yellen that we’re hitting the debt ceiling this... + full article



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