The U.S. debt ceiling agreement raises the debt limit for two years while cutting and restricting certain government spending over the same period
ChainCatcher news, according to Bloomberg, the U.S. debt ceiling agreement will raise the debt ceiling for two years while cutting and limiting certain government spending over the next two years.
In addition, the debt ceiling will keep non-defense spending nearly flat over the two years, and there is no budget cap in the agreement beyond 2025. (Source link)
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