Punchbowl News: “OK, here is the present state of play with seven days to move till america may just default on its debt: The House Republican management feels exceedingly assured that they are going to clinch a maintain the White House to lift the debt restrict and pare again federalspending. Republicans be expecting the compromise will come in combination someday in the following couple of days. There’s intense power to wrap up negotiations once conceivable with a view to get a invoice thru Congress in a well timed type.”
“We anticipate that the debt limit will be extended through 2024 as part of any agreement.”
“And the GOP leadership feels as if they will be able to win the support of the majority of the House Republican Conference for this eventual package.”
Also essential: “We also want to lay down a marker once again and tell you that the anger in the House Democratic Caucus right now is palpable.”
Reality test from the The New York Times: A possible debt ceiling deal would slightly trade the federal spending trail.
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