Sunday, May 28, 2023

The Debt Deal

 Just the News:

...McCarthy described the deal as an "agreement in principle," and it rolls back domestic spending to fiscal year 2022 levels while limiting "top line federal spending to 1% growth for the next 6 years."

The debt limit would be raised by about $1.5 trillion until after the next presidential election as part of the agreement.

The outline of the deal includes clawing back tens of billions of dollars in unspent COVID-19 stimulus funds and streamlining the regulatory permitting process for energy projects with the first major reform to the National Environmental Policy Act (NEPA) since 1982, according to the House GOP document....

It also will establish work requirements for welfare.

Lots more to follow.

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