Debt again: How to handle rising national debt ...Middle East

NY Daily News - Opinion
source : NY Daily News ( Middle East ) () 55
House Speaker Kevin McCarthy, trying to unite fractious Republicans, agrees to raise the debt ceiling for just one year in exchange for 10-year caps on spending, killing President Biden’s valuable student loan forgiveness program, and more. Even if he manages to do that, this GOP plan to play chicken with the nation’s borrowing limit is hopeless in the Senate. And it’s debt in the water with the White House, which rightly says putting America’s good credit into the realm of petty partisan politics is akin to punching ourselves in the face.

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