U.S. Government Policy
U.S. Debt Deal Does More Than Avoid Default
June 13 2023Key Insights
- Relative to recent years, the debt deal will slow the rate of growth in government spending for the next two years.
- The deal may mark the start of a new era where fiscal spending grows more modestly.
- The market may not fully appreciate the potential for bipartisan legislation in the runup to the next presidential election.
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