Attention Economy


Monday, May 29, 2023

The Debt Limit Agreement

Why Spending Cuts Likely Won’t Shake the Economy
https://www.nytimes.com/2023/05/29/us/politics/debt-ceiling-economy.html
With low unemployment and above-trend inflation, the economy is well positioned to absorb the modest budget cuts that President Biden and Republicans negotiated.
 
What’s in the Bipartisan Debt Limit Agreement
https://www.nytimes.com/2023/05/29/business/debt-ceiling-agreement.html
Spending caps, additional work requirements for food stamps and a new natural gas pipeline are just several of the components in a deal President Biden and Speaker Kevin McCarthy reached to prevent default.
 
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