Republicans reportedly want to ban student loan forgiveness and make it harder to get food stamps in a debt ceiling deal — and they seem to want to do it all over again next year
that defaulting on the debt"is not an option," but neither is"a future of higher taxes, higher interest rates and an economy that doesn't work for working Americans." But the White House continues to insist on a clean raise, with no cuts or deals attached, which leaves them far from Republicans. Congress passed a clean debt ceiling raise three times under former President Donald Trump.
And it looks like lawmakers on both sides of the aisle are getting antsy to reach a deal. Republican Study Committee Chairman Kevin Hern sent ato the committee's members on Wednesday urging them to pass a"strong" debt limit deal in April. "We must work night and day to get it passed to show the American people we can be trusted and force the Senate and White House to answer for their dereliction of duty," Hern wrote.
As Democrats have repeatedly stressed, the consequences of defaulting on the nation's debt would have major financial consequences. Moody's Analytics
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