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CED’s Policy Backgrounders provide timely insights on prominent business and economic policy issues facing the nation.
On Wednesday evening, the House voted 217-215 in favor of the Republican proposal to raise the debt ceiling into next year in exchange for sharp spending cuts in certain areas of the budget. But the bill also contains policy provisions that roll back a number of President Biden’s legislative agenda, prompting the President to issue a veto threat. While the bill will almost certainly be defeated in the Senate, proponents of the legislation hope that it will strengthen their position in negotiations with the White House on the lifting of the debt ceiling and spending cuts.
BRIEF
Inflation Heads in Wrong Direction for Fed
April 26, 2024
BRIEF
US Economic Growth Cooled in Q1 2024
April 25, 2024
PRESS RELEASE
US Leading Economic Index® (LEI) Fell in March
April 18, 2024
BRIEF
March retail sales rose, but real Q1 spending was lackluster
April 15, 2024
BRIEF
CPI remained stubbornly elevated in March
April 10, 2024
BRIEF
Employment Report Poses Some Risk to Fed Cut Timing
April 05, 2024
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