Biden strikes debt ceiling deal with GOP, but at what cost to nutrition programs?

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Source: Reuters.com
Biden strikes debt ceiling deal with GOP, but at what cost to nutrition programs?
Photo: Reuters.com
TL;DR Summary

President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal for lifting the government’s borrowing limit, extending the government’s borrowing power for two more years. Republicans have more to celebrate than their Democratic peers as the actual changes made to the budget swing in conservatives’ favor. The White House also caved to Republicans’ push for work requirements for federal aid programs. The net result of this bill is that spending levels stay the same in 2024 and increase by roughly 1% in 2025, which will likely add to the $925 billion deficit.

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