Debt ceiling talks stuck on classic problem: Republicans demand spending cuts and Democrats resist
- Debt ceiling negotiations between Republicans led by House Speaker Kevin McCarthy and President Joe Biden and other Democrats are deadlocked, with Republicans seeking to roll back federal government spending while Democrats do not.
- Failure to raise the debt ceiling, now at $31 trillion, would risk a potentially chaotic federal default, almost certain to inflict economic turmoil at home and abroad.
- Negotiators are focused on finding agreement on a 2024 budget year limit, but significant gaps remain, with Republicans insisting on lower spending levels than Democrats are proposing.
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Total News Sources0
Leaning Left5Leaning Right2Center53Last Updated10 months agoBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
89% Center
C 89%
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