1 year ago
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President Joe Biden on Saturday signed a debt ceiling deal into law that averts a catastrophic default by the United States through January 1, 2025, hailing it as a “big win” for the country. Critics say the agreement protects wealthy corporations and tax dodgers while imposing new cuts on key social programs and expanding work requirements for some recipients of food stamps. The legislation has also been called a “dirty deal” by climate activists because it rolls back environmental regulations and fast-tracks the approval of the Mountain Valley Pipeline through West Virginia and Virginia, a pet project of powerful Democratic West Virginia Senator Joe Manchin. “The working class of this country was deeply harmed by this bill,” says investigative journalist David Sirota of The Lever. He also faults Democratic leaders for not raising the debt ceiling after the midterm elections, when the party still had control of Congress. “What you see is a picture of a party that wanted this outcome,” says Sirota.
