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Debt Limit Deal Would Go Through 2024 Election

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The White House and House Republicans are discussing a debt-limit deal that would lift the government’s borrowing cap through 2024 while putting in place a mechanism to incentivize Congress to pass all 12 annual spending bills,” Punchbowl News reports.

“The exact spending levels, Covid relief rescissions, work requirements and permitting reform are all still open. Negotiators are discussing a mechanism that would allow Congress to pass appropriations bills at the agreed-to spending caps. If they fail to do so, a CR would snap spending to the agreed-upon caps.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Follow me on Twitter, Mastodon and Post.News.

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