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?
0 Articles
0 Articles
All
Left
Center
Right
Coverage Details
Total News Sources0
Leaning Left33Leaning Right17Center110Last Updated11 months agoBias Distribution69% Center