“President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday underscored their determination to reach a deal soon to raise the federal government's $31.4 trillion debt ceiling and avoid an economically catastrophic default. After a monthslong standoff, the Democratic president and the speaker of the House of Representatives on Tuesday agreed to negotiate directly on a deal.” Reuters
“Work requirements for federal aid programs have emerged as a sticking point in ongoing negotiations over raising the nation’s debt ceiling… Legislation passed by the House in April would impose new or expanded work requirements for three federal programs — the Supplemental Nutrition Assistance Program, the food aid formerly known as food stamps; Temporary Assistance for Needy Families, which offers aid to low-income families with children; and Medicaid assistance for adults without dependents.” AP News
Here’s our prior coverage of the debt limit. The Flip Side
The left criticizes the use of the debt limit to demand concessions, and opposes increasing work requirements for federal aid programs.