New Budget Deal Means Even More Debt

New Budget Deal Means Even More Debt

0 0 hace 2 meses
Eager to avoid a debt ceiling showdown, the Treasury Department and congressional Democrats appear to be on the brink of a budget agreement that could saddle taxpayers with an additional $2 trillion in debt over the next decade.

According to reports, the agreement runs through July 31, 2021.  It would effectively end all remaining elements of the 2011 Budget Control Act known as sequester, while adding $350 billion in new spending in exchange for about $75 billion in offsets.

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