“Debt ceiling negotiations are struck in limbo, as House Republicans demand severe spending cuts without saying where they’d start. Pretty soon, though, their hands will be forced,” Politico reports.
“GOP lawmakers say they’re committed to adopting a budget plan for the coming fiscal year, which would reflect where they’d slash government funding. It’s a demand they’ve said President Joe Biden and Democrats must meet before they’ll agree to raise the debt ceiling in the coming months, a potential calamity as economic indicators already point towards recession.”
“Passing a budget is guaranteed to be a painful test for the new majority. It’s one thing to call for fiscal responsibility — it’s another to be the political face of program cuts.”
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