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The Debt Limit Fight May Have Long-Term Budget Consequences

Doug Criscitello joins the podcast to discuss the effects of a prolonged fight and how it will affect government operations.

The United States Treasury Department reached the $31.3 trillion debt ceiling last week, prompting the department to implement “extraordinary measures” to buy more time until a default on the government’s obligations. The new Republican-led House of Representatives has vowed to cut spending in connection to the debt limit, but has not committed yet to raise the debt limit, as has been standard.

Doug Criscitello is a former official with the Congressional Budget Office and the Office of Management and Budget. He is also a Fellow of the National Academy of Public Administration. He joined the podcast to discuss the debt limit.

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