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Can This Cowardly Debt Deal Get Through Congress?

May 29th, 2023
Categories: News

Link: https://www.zerohedge.com/news/2023-05-27/approaching-do-or-die-default-date

It looks like we have an agreement “in principle” between McCarthy and Biden, the details of which are sure to be underwhelming for both sides of the aisle. As Greg Price wrote on Twitter yesterday: “Sources on Capitol Hill tell me the debt ceiling deal McCarthy negotiated with Biden includes no legitimate spending cuts or significant reforms in exchange for a $4 trillion debt ceiling increase.

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