Kevin McCarthy’s debt limit deal passes initial hurdle thanks to Democratic votes
calls for at least $130 billion in immediate cuts. Both sides found bipartisan agreement on boosting defense spending by more than $26 billion.to agree to cap the growth of federal spending at 1% next year.
The agreement further expands work requirements for recipients of food stamps and direct cash payments until 2030. Able-bodied, childless recipients of each program age 54 and younger would have to work at least 20 hours per week to keep their benefits. While the new restrictions will save taxpayer money, the expanded benefits for veterans and the homeless will actually cause overall spending for food stamps to increase. The Congressional Budget Office estimates the changes will cost taxpayers an additional $2.1 billion over the next decade.
Despite that reality, progressive Democrats say the new work requirements are still too onerous for working people.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
House to vote on debt ceiling dealThe House is expected to vote on a deal to increase the debt ceiling and limit spending Wednesday night, amid opposition from lawmakers on both ends of the political spectrum.
Les mer »
Republicans threaten Kevin McCarthy's power'Kevin McCarthy is emasculating himself and the Republican majority,' one House member said Tuesday.
Les mer »
WATCH LIVE: White House holds press briefing ahead of House debt ceiling voteWhite House press secretary Karine Jean-Pierre is giving a press briefing alongside National Security Council spokesman John Kirby.
Les mer »
White House officials tried to sell Democrats on the debt deal. Some weren't having it.White House officials encountered climate protesters and frustrated Democratic lawmakers Wednesday.
Les mer »
Senate eyes vote this week on repeal of Biden’s student debt reliefThe White House has threatened to veto the House-passed legislation.
Les mer »
Fight over national debt limit moves to Congress, as deadline loomsPresident Biden and House Speaker Kevin McCarthy are expressing optimism that their debt limit compromise deal, will be able to pass the House and Senate by the deadline June 5th.
Les mer »