With the debt ceiling resolved, it’s time for a fiscal responsibility commission ...Middle East

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With the debt ceiling resolved, it’s time for a fiscal responsibility commission
source : The Hill ( Middle East ) () 44
The House and the Senate passed the Fiscal Responsibility Act (FRA) with large bipartisan margins. The act was based on negotiations between President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) and suspends the debt ceiling until Jan. 1, 2025, in exchange for certain spending cuts, restraints and other provisions.  The act was a compromise that was unacceptable to far-right and far-left members in both houses of Congress. Reasonable people can and will differ on the bill, but it was clearly in the nation’s interest to avoid default. In addition, those who voted against the bill did not have a proposed way forward that was politically feasible. Stated differently, they let th

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