White House staff are reportedly pushing a deal on the debt ceiling as talks between House Speaker Kevin McCarthy and President Joe Biden on a potential raise of the debt limit have been delayed.
The White House is seeking a debt-ceiling increase that would push back the borrowing limit by two years, according to Politico. In exchange, they are reportedly agreeing to caps on “discretionary” spending, which refers to all congressional appropriations excluding Medicare, Medicaid, and Social Security and some minor programs, according to Politico.
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