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Text of US debt ceiling bill released ...News
The agreement raises the debt limit for two years and includes few of the spending cuts requested by Republicans The text of a hard-fought agreement to raise the US debt limit was released to the public on Sunday, ahead of an expected vote in Congress as soon as Wednesday. Treasury Secretary Janet Yellen has warned that the country could default on its obligations as early as June 5 if the ceiling is not raised. The 99-page “Fiscal Responsibility Act of 2023” raises the debt limit for two years and sets discretionary spending limits through 2029. It sets a generous limit of $886 billion for the 2024 defense budge
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