Deficits over a decade will be 20 percent higher than forecast just nine months ago, and action is needed by the summer to raise the debt limit, the Congressional Budget Office said in two new reports. CQ Roll Call’s David Lerman and Peter Cohn take a look at the latest budget forecasts and what they may mean for the upcoming spending and debt ceiling battles.
show notes:
- CBO: Debt Limit To Be Hit As Soon As July, Budget Picture Worsens
- Biden draws boos from GOP over debt limit as he pushes for unity
- Biden and McCarthy don’t make “promises” on debt, will keep talking
- Treasury launches ‘extraordinary measures’ to delay debt limit
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