What Is The Debt Ceiling?
The debt ceiling is fundamentally about Washington’s addiction to over-spending.
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What would happen if four federal agencies closed their doors on the Friday before Memorial Day weekend? We’re about to find out. While the administration consistently warned of dire consequences, some officials are having doubts about whether anyone will actually notice. But regardless of the impact today, there’s no doubt about the billions of dollars in waste, duplication and inefficiency that could be cut in a smart way.