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GOP Weighs Quick US Debt Limit Hike to Deny Democrats Leverage
Source: Bloomberg
Fiscal Policy & BudgetSovereign Debt & RatingsElections & Domestic Politics
Republican lawmakers are considering using the current Congress's final weeks to raise the US debt limit before a newly elected Democratic majority takes office. The move would reduce Democrats' leverage over the Trump administration in future fiscal negotiations and could avert near-term debt-ceiling risk, though no proposed limit increase or timeline was specified.
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