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Debt ceiling negotiators close to a deal, with IRS funding in the spotlight

Posted on AllSides May 26th, 2023
From The Center
Politics, Debt Ceiling, IRS, Government Funding
Kevin Dietsch | Getty Images

The White House and congressional negotiators were closing in on a compromise agreement on Friday to raise the debt ceiling for two years, with just six days to go before the nation faces a grave threat of debt default.

In exchange for voting to raise the debt ceiling, House Republicans would achieve at least two of their highest priorities: Rolling back baseline federal spending in 2024 on most discretionary programs and rescinding some of the $80 billion allocated for the Internal Revenue Service as part of 2022′s Inflation Reduction Act,...

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