What’s at Stake for Schools in the Debt Ceiling Debate
Have you missed fights over whether to increase the U.S. government’s borrowing limit? You might be getting a special treat soon. Many education advocates, however, likely aren’t so thrilled.
The recurring squabble over raising the debt ceiling has roots in 2011 when, in exchange for increasing the borrowing limit, Congress imposed mandatory spending caps on government spending. The big budget legacy of that 2011 fight, known as sequestration, is still with us.