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CNBCSep 14, 2026Local News

Why the election could make Washington's looming next fiscal crisis harder

Richard Neal supports responsible financing but warns that using the debt ceiling as leverage is dangerous and links tax cuts to rising debt.

Why the election could make Washington's looming next fiscal crisis harder
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tl;dr

A projected 2027 debt-ceiling breach could become harder to resolve after the midterm elections, as lawmakers in both parties condition support on policy concessions or spending restraint.

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