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Debt ceiling likely to be raised, spending to be capped for two years - reports

May 26, 2023 5:14 AM ETBy: Jessica Kuruthukulangara, SA News Editor253 Comments
American Politics - Stimulus Bill and infrastructure

Douglas Rissing/iStock via Getty Images

Debt talks appear to be nearing the end amid reports that a potential deal would raise the U.S. government's $31.4T debt ceiling and limit spending on most items for two years.

Republican negotiators have reportedly agreed for a smaller 3% increase in

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