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Debt Ceiling Deal Struck & Texas AG Impeached | 5.30.23
Morning Wire
The President's Deal With Republicans Is a Success
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The deal does not include the sort of spending cuts that Republicans had initially demanded. The text states that federal spending must remain flat in the fiscal year 2024 and then increased by no more than 1% in 2025. So essentially, no limit for two years and no worries for Biden over another battle until the election.
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