The Impending Debt Ceiling Crisis: What It Means for Americans.
TL;DR
The ongoing negotiations between the Biden administration and House Republicans over raising the debt ceiling have stalled Congress' other must-pass agenda items, including spending packages, defense legislation, and the farm bill. Lawmakers are feeling handcuffed by the debt talks, which will potentially dictate funding totals, and are delaying markups for bills until final numbers are available. The delay on the massive defense package has also slowed down talks on a high-profile effort to repeal authorizations for the Iraq War, which has merged with discussions on the annual package.
- Debt limit derails the rest of Congress' must-pass agenda POLITICO
- ‘The mother of all crises.’ A US debt default would ricochet around the world CNN
- Social Security, Medicare and stocks: How a debt-ceiling crisis could affect you The Hill
- Debt ceiling deal or not, Congress must not let US default (Editorial Board Opinion) syracuse.com
- Millions of Veterans will not be getting checks unless lawmakers reach deal WAVE 3
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