NEW YORK ( TheStreet) -- The latest debt deal out of Washington, D.C. would raise the statutory debt limit (debt ceiling) by as much as $2.4 trillion ( the largest increase ever), while reducing federal deficits by $2.1 trillion, according to the Congressional Budget Office.Off the bat, this seems like a bum deal -- a plain sight failure to deliver on political promises from both sides of the aisle.
Debt Deal: 198 Years' Worth of Spending
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