Biden-McCarthy deal will restrict debt development by $1.4 trillion, CBO says

New spending restraints agreed to final 12 months by President Biden and Republicans in Congress will assist gradual the expansion within the federal deficit by roughly $1.4 trillion over the subsequent decade, in keeping with a brand new report by Congress’s nonpartisan fiscal scorekeeper. Biden and then-Home Speaker Kevin McCarthy (R-Calif.) agreed to new caps … Read more