The President is expected to call on Congress to adopt his plan which reduces the deficit by $3 trillion dollars over 10 years while increasing spending.
He is expected to call on Congress to adopt his plan which reduces the deficit by $3 trillion dollars over 10 years while increasing spending on issues like crime prevention and the salaries of federal workers.While presidents can only propose budgets — with Congress having the ultimate say — the budget reveal is reigniting a familiar debate over the debt limit.As a reminder, the debt ceiling, or debt limit, is the amount of money the government can borrow to pay its bills.
Some Republicans are taking steps to advance legislation prioritizing what would get funded in the event of a default. As a result, the debt limit fight remains a bit like a hurricane offshore, politically. Everyone knows it's there and that a showdown is coming. A specific date is unknown because it depends on how much money the government takes in this tax season.
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