Debt ceiling deal is a bright light in a dark Washington | Opinion
It only modestly addresses federal spending and doesn’t touch the real reasons we are persistently borrowing money: the cost of defense, Medicare and Social Security. So we will be back at this again, and sooner rather than later.
It also opens up the possibility to get faster approval for energy projects, something the country needs as it faces greater energy uncertainty and higher costs for consumers.Our main interest in the proposed deal is the effort to get Congress back to the business of approving regular funding bills by imposing punitive spending caps if they fail to do so.
Getting back to an orderly appropriations process would be a huge benefit to the normal function of government, something that has been lost in the growing partisanship of the last two decades.McCarthy is already facing accusations that he reneged on a deal with far-right members of Congress not to pass legislation without the agreement of every Republican on the powerful House rules committee.
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