Wrinkles and curveballs in the debt ceiling bill

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Wrinkles and curveballs in the debt ceiling bill
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Sen. Joe Manchin (D-W.Va.) would get the gas pipeline he wants. The IRS would get a steeper than expected cut. And future executive actions would face new (but easily waived) fiscal handcuffs.

Biden agreed to trim $21.4 billion from one of his signature achievements — an $80 billion boost in Internal Revenue Service funding that Democrats had pushed through last year.While the debt legislation calls for only a $1.4 billion rescission immediately, the administration says it has agreed to take another $10 billion this fall to shore up other non-defense discretionary spending in annual appropriations bills.

While not exactly a surprise, the legislative text makes clear what both sides had disclosed late Saturday: The bill would tighten restrictions for the country’s leading anti-hunger program, the Supplemental Nutrition Assistance Program, by expanding the number of people who would have to work to receive the food aid.

And that’s unacceptable, progressives said Sunday — despite the White House’s assurance that it had won new exemptions waiving the work requirements for all homeless people and veterans for the first time. Biden brushed off the criticism Sunday night. Asked about the concerns of some Hill Democrats that the deal would lead low-income Americans to go hungry, the president responded that it was a “ridiculous assertion.”The deal would force the administration to resume collecting federal student loan payments and interest for millions of Americans after Aug. 30, ending a payment pause that had originated as a response to the pandemic.

White House officials see the deal as codifying into law what the administration had already been planning to do, which was resume collecting payments in September.

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