Over the weekend the White House and House Speaker Kevin McCarthy announced an agreement to suspend the debt ceiling and make cuts to discretionary spending. The bill is expected to be taken up in the House on Wednesday. According to the Treasury Department the US will run out of cash to pay its bills on June 5th, meaning the clock is ticking for the bill to pass the House, Senate and be signed by President Biden. In this installment of the FiveThirtyEight Politics podcast, the crew talks about what’s in the agreement, why polls on the debt ceiling have been straight up contradictory and what could happen if the legislation isn’t passed by next Monday. They also discuss the significant incre
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