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“Ronald Reagan said: ‘If you got seventy-five or eighty percent of what you were asking for, I say, you take it and fight for the rest later. Speaker McCarthy’s version: ‘If you can get five or six percent of what you were asking for, you take the deal and claim victory.”
— Rep. Ken Buck (R-CO), on Twitter, blasting the debt ceiling deal.
New analysis from Moody’s Analytics finds that Speaker Kevin McCarthy’s plan to cut spending and lift the debt ceiling “would meaningfully increase the likelihood” of a recession and result in 780,000 fewer jobs by the end of 2024 compared with a clean bill to lift the debt limit.