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GOP leaders mull a big debt-and-funding deal with Democrats

The article from MSN discusses the ongoing negotiations between Republican leaders and Democrats regarding a potential deal on the U.S. debt ceiling and government funding. As the deadline approaches to raise the debt ceiling to avoid a government default, both parties are considering compromises. Key points include discussions on spending cuts, with Republicans pushing for significant reductions in non-defense discretionary spending, while Democrats are resistant to cuts that would affect social programs. There's also talk about possibly extending the debt ceiling into 2025, which would push the issue past the next presidential election. Additionally, the negotiations involve considerations of defense spending, potential reforms to entitlement programs like Social Security and Medicare, and the inclusion of work requirements for welfare programs. The urgency of the situation is underscored by the potential economic repercussions of failing to reach an agreement, including a possible downgrade of the U.S. credit rating and financial market instability.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/*EMAIL_REMOVED*-leaders-mull-a-big-debt-and-funding-deal-with-democrats/ar-AA1xGoWw ]