Debt Ceiling Challenges Loom for 2025

Reported about 11 hours ago

The debt ceiling issue will resurface in 2025 as the temporary suspension from 2023 ends on January 1. Although extraordinary measures can delay default for a few months, uncertainty surrounds when the debt limit will be reached, and proposals for resolution are politically fraught. Republican leadership faces internal dissent, specifically from hardline members against any debt limit increase, complicating negotiations on potential spending cuts paired with a debt raise.

Source: YAHOO

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