Jul
24

Debt Debate

debt ceilingThe upcoming required legislative increase in the debt ceiling may be a nasty battle. Republicans will require Democratic support, which will be legislatively costly, all but guaranteeing a bill that won’t be “clean” or void of concessions. To that end, Trump’s budget proposal that cuts billions from discretionary non-defense spending will probably be in play, and Democratic resolve to at least maintain roughly current spending levels will be very strong.

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