Yesterday, the U.S. House of Representatives voted on a package of rules that include a “pay-as-you-go” or “PAYGO” provision, which mandates that new spending be offset by matching cuts or increases in revenue. Demos supports efforts to eliminate PAYGO requirements in federal law.
Raising the debt ceiling cannot come at the expense of workers, especially those workers who are finally getting a foothold in the labor market; some for the first time ever