Debt limit deal reached

1 year ago 62

Oh boy, no one is going to be happy. Full details haven’t been released, and Congressional Democrats won’t be briefed by the administration until Sunday night. But the counters are reported as follows: 

  • Non-defense discretionary spending only goes up 1% this year. Non-enforceable limits on appropriations beyond this year. 
  • IRS funding to go after tax cheats redirected toward domestic programs to avert cuts.
  • New work requirements for food assistance (a GOP demand), raising the age of non-dependent recipients to 54, from 49, exempting veterans and the homeless. 
  • Medicaid left untouched. The GOP budget recently passed added work requirements to that program (and others) as well
  • Deal last for two years, beyond next presidential election
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