McCarthy-Biden Debt Deal Eliminates Unspent COVID Funds, Blocks IRS Expansion and Reforms Permitting

The debt limit deal struck late Saturday between House Speaker Kevin McCarthy and President Joe Biden rolls back some of Washington’s massive spending while delivering other conservative priorities like blocking new taxes and requiring some welfare recipients to work, according to a summary obtained by Just the News.

McCarthy described the deal as an “agreement in principle,” and it rolls back domestic spending to fiscal year 2022 levels while limiting “top line federal spending to 1% growth for the next 6 years.”

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Commentary: President Trump’s Overhaul of Stifling Environmental Regulations Clears the Way for Infrastructure Projects Nationwide

President Trump recently finalized an overhaul of one of the most important environmental laws in America. Credited by some as the “Magna Carta” of environmental legislation, the National Environmental Policy Act (NEPA) is one of America’s main legislative weapons in fighting climate change. It mandates an extensive review process, including the drafting of a lengthy Environmental Impact Statement (EIS) and subsequent legal challenges, before the commencement of infrastructure projects. But Trump’s revision of the law through regulatory reinterpretation dramatically weakens the bill’s potency, greatly simplifying the procedure for getting federal approval on many infrastructure projects.

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