June 27, 2017

Debt Agreement Seen as Good, Quick Fix, But Broader Budget Agreement Needed

Latest Development: Short-term fix to extend debt limit also calls for conference committee on budget. Next Step: Budget agreement is needed to avoid same brinkmanship in few months.
October 17, 2013
Bloomberg BNA


Robert Bixby, executive director of the Concord Coalition, which focuses on fiscal policy, told Bloomberg BNA that the agreement was a good deal to avoid an immediate crisis, but only does what Congress is supposed to do -- fund the government and pay the bills. “It's kicking the can down the road, but it's better than kicking the bucket, and that's what I think would have happened to the economy had they gone over and not raised the debt limit,” he said.