The fight over raising the debt ceiling is shaping up to be the central story for Congress in 2023. The same House Freedom Caucus faction that held up Kevin McCarthy’s speakership earlier this month also won a commitment that McCarthy would not allow a vote on a bill to raise the debt ceiling in 2023 unless the bill also features deep domestic spending cuts, which Democrats oppose. Here are Five Facts about the debt ceiling, the consequences if we don’t raise it and what it means for Congress in the months ahead.
Read Full Article »
