A kinkajou, 1886. Democratic and Republican leaders concluded a week of fierce debate by agreeing on a "framework" deal to resolve the U.S. debt-ceiling crisis. Were the House and Senate to approve the deal, the ceiling would be raised for the seventy-ninth time in fifty years, increasing in the near term by $900 billion alongside an immediate $917 billion cut in federal discretionary spending. A bipartisan committee would be convened to seek ways of reducing the deficit by at least an additional $1.5 trillion in the next decade. The provisional agreement was reached only two days after the House passed and the Senate rejected John Boehnerâ??s bill to cut spending by $917 billion. "Sausage making is not pretty," said
Weekly Review
Weekly Review
Weekly Review
A kinkajou, 1886. Democratic and Republican leaders concluded a week of fierce debate by agreeing on a "framework" deal to resolve the U.S. debt-ceiling crisis. Were the House and Senate to approve the deal, the ceiling would be raised for the seventy-ninth time in fifty years, increasing in the near term by $900 billion alongside an immediate $917 billion cut in federal discretionary spending. A bipartisan committee would be convened to seek ways of reducing the deficit by at least an additional $1.5 trillion in the next decade. The provisional agreement was reached only two days after the House passed and the Senate rejected John Boehnerâ??s bill to cut spending by $917 billion. "Sausage making is not pretty," said