US Debt Ceiling Crisis , Highlights Government Spending.<br />'Newsweek' reports that recent polls have suggested <br />that Americans feel government spending sits <br />at the center of the current debt ceiling crisis.<br />'Newsweek' reports that recent polls have suggested <br />that Americans feel government spending sits <br />at the center of the current debt ceiling crisis.<br />According to a poll of 1,500 adults, at least half said they <br />think the government is overspending, while an equal <br />number want commitments to cut spending.<br />If the debt ceiling is not raised or suspended, the <br />U.S. could default on the $31.5 trillion debt it owes, <br />which would have significant global consequences.<br />Republican House Speaker Kevin McCarthy points <br />to a bill passed by House Republicans that <br />"avoids default and tackles reckless spending.".<br />Republican House Speaker Kevin McCarthy points <br />to a bill passed by House Republicans that <br />"avoids default and tackles reckless spending.".<br />The House bill calls for $4.8 trillion in savings <br />over the next decade and includes a reversal <br />of some key aspects of Biden's agenda.<br />The House bill calls for $4.8 trillion in savings <br />over the next decade and includes a reversal <br />of some key aspects of Biden's agenda.<br />Those cuts would include the student <br />loan relief program and Biden's <br />proposed clean energy tax credits.<br />'Newsweek' points out that the clean energy <br />tax credits are a crucial part of Biden's goal of <br />moving the U.S. closer to a green economy.<br />'Newsweek' points out that the clean energy <br />tax credits are a crucial part of Biden's goal of <br />moving the U.S. closer to a green economy.<br />To a large extent, it is just about the size <br />and the scope of government, which feeds <br />into larger debates about what the <br />appropriate role of the state is in <br />the U.S. economy and in people's lives, Thomas Gift, Director of the Center on U.S. Politics <br />at University College London (UCL), via 'Newsweek'.<br />Over the course of Biden's tenure, <br />more and more Americans have become <br />skeptical of spending on the order <br />of magnitude Biden has proposed, Thomas Gift, Director of the Center on U.S. Politics <br />at University College London (UCL), via 'Newsweek'.<br />'Newsweek' reports that the impending financial <br />disaster could lead to either party agreeing to <br />compromises that help to avoid the worst outcome
