GOP amends debt limit bill as White House warns of consequences.
TL;DR Summary
House GOP leaders made major alterations to their debt limit measure, including rescinding parts of the Inflation Reduction Act and tightening rules for social welfare programs. They also made an exception to allow some tax credits to continue for renewable energy. Democrats criticized the lack of transparency and accused Republicans of hastily making changes in the middle of the night.
Topics:nation#concessions#debt-limit#house-republicans#politics#renewable-energy#social-welfare-programs
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- The debt ceiling is the least of our nation’s fiscal concerns The Hill
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