The Debt Ceiling Fight: Who’s Lobbying for What?
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Currently, the debt ceiling debate is divided in two distinct camps. On one side, you have the White House and the current administration, supported by most Democrat Senators and House Representatives. They seek a quick resolution with a “no strings attached” debt ceiling raise. This means both Congress and Senate would have to pass a bill that simply raises the debt ceiling, without any additional provision or “off topic” condition.
On the opposite camp lies the Republican Party, and most caucuses and lobby groups that align themselves with the GOP. For them, the Federal Government has shown it cannot handle its own expenses. Any bill extending their credit limit should include extra provisions to curb its spending — either by downsizing programs, or by steering the government towards the path of fiscal responsibility.
But the debate goes beyond Washington DC. Whatever is included in the bill will likely affect other industries and bodies, and naturally, their respective stakeholders are anxious.
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