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Social Safety Net Programs

All articles tagged with #social safety net programs

politics2 years ago•3 min saved

Debt limit negotiations reach critical point as parties clash.

White House and House GOP negotiators are working to finalize a deal to raise the US debt limit as the risk of a first-ever US default grows. Negotiators hope to announce an agreement as soon as Saturday, but the process of turning a framework into an actual bill can be laborious. One of the most critical issues has been reaching a deal over spending cuts, which Republicans have demanded in exchange for voting to raise the debt limit. The pressure on negotiators is intense as the US steadily inches closer to the possibility of a default and the threat of economic catastrophe.

via CNN|

#debt-limit #negotiations #politics

politics2 years ago•2 min saved

Debt limit negotiations cause anxiety and clash over spending cuts.

Negotiations over raising the US debt limit are ongoing, but major differences remain between White House and House GOP negotiators, particularly on spending cuts and work requirements for social safety net programs. The debt ceiling would be raised for two years while capping federal spending, except for defense and veterans spending, under a potential agreement being eyed by negotiators. Treasury Secretary Janet Yellen has warned Congress that it has little time left to address the debt ceiling before the nation defaults on its obligations, and the uncertainty of the deadline makes it harder to know exactly how much time Congress has to act.

via CNN|

#debt-limit #default-risk #negotiations