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IPFS News Link • Government Debt & Financing

There Are 99 Pages Of Details In The Debt-Ceiling Deal, And A Big Trap On Republicans

•, By Mish Shedlock

The Wall Street Journal has a synopsis in Biden, McCarthy Agree to Final Details of Debt-Ceiling Deal

With some conservative Republicans in both chambers signaling initial opposition to the deal, Biden urged both chambers of Congress to approve the agreement and said McCarthy would have sufficient votes in the Republican-led House to secure passage.

He also sought to quell concerns among Democrats over some of the deal's provisions, such as additional work requirements for certain government safety-net programs, and rejected criticism from some progressive lawmakers that the agreement would let vulnerable people go hungry. "That's a ridiculous assertion," Biden said.

Republican Dissent

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