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Last updated: 2023-05-15 11:15:51

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Skip to primary content Skip to secondary content It Does Not Add Up Jack Heidel’s blog on fiscal responsibility Search Main menu Home Purpose About Jack Contact Me Post navigation ← Older posts Getting Spending Under Control III. Helping the Fed Reduce Inflation Posted on May 8, 2023 by jackheidel Reply The House has passed a bill, the Limit, Save, Grow Act , to both set a budget for FY 2024 and simultaneously raise the debt ceiling by $1.5 trillion. This is the way things are supposed to be done, i.e. in “ regular order .” Ideally, the Senate would then adopt its own proposed budget for next year (as well as a debt ceiling proposal) and then the two bodies would meet to come up with a common bill to send to President Biden for his signature or veto. But our fragmented and polarized political system makes regular order almost impossible to achieve. As it stands right now, President Biden will meet with Congressional leaders on Tuesday, May 9 to try to come to an agreement on raising

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