Get access to our best features

Get access to our best features
Published 4 months ago

What's in the debt limit bill? Key provisions in the Biden-McCarthy deal to avert default

  • The US has finalised a budget agreement to suspend the $31.4tn debt ceiling until 1 January 2025. The deal was struck between President Joe Biden and House Speaker Kevin McCarthy and aims to prevent the US government from defaulting on its debt.
  • The agreement would suspend the debt limit through 1 January of 2025, cap spending in the 2024 and 2025 budgets, claw back unused Covid funds, speed up the permitting process for some energy projects and include extra work requirements for food aid programmes for poor Americans.
Insights by Ground AI
Does this summary seem wrong?

180 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources are Center
67% Center

To view factuality data please Upgrade to Premium


To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)