Get access to our best features
Get access to our best features
Published 10 months ago

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.
Insights by Ground AI
Does this summary seem wrong?

0 Articles

All
Left
Center
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe
Ground News Article Assistant
Not enough coverage to generate an Article Assistant.

Bias Distribution

  • 88% of the sources are Center
89% Center
2024 US Election NewsEverything you need to know about 2024, including updates on candidates, news blindspots, and reliable coverage of the biggest issues.
Explore coverage
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)