Washington is heading for one more huge battle over whether or not to lift or droop the nation’s debt restrict, which caps the sum of money the federal authorities can borrow to pay its payments.
This yr is shaping as much as be the messiest battle in not less than a decade. Republicans are demanding that a rise within the borrowing restrict be accompanied by spending cuts and different value financial savings. President Biden has mentioned he’ll oppose any try to tie spending cuts to elevating the debt ceiling, growing the…
