In all, the impact of those measures on the economy’s growth is expected to be marginal, contributing to a reduction in the annual deficit by “a few tenths of a percentage point,” according to analysts at Deutsche Bank.
Uncertainty over the debt ceiling has reached a level not seen in years after a narrow House Republican majority conditioned a debt increase on spending cuts. The debt ceiling deal includes changes to nutrition programs, including new work requirements for adults who receive help through Temporary Assistance for Needy Families and Supplemental Nutrition Assistance Program . Beyond those changes,
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McCarthy and Biden's debt ceiling deal could impact student-debt relief, food stampsMcCarthy and Biden's debt-ceiling deal could hurt student-loan borrowers and people on food stamps — and cost some Americans their jobs
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