Passed last week by the House of Representatives, the 2023 Limit, Save and Grow Act would slash discretionary spending at domestic agencies to its fiscal 2022 levels. The bill addresses the looming debt default that would have catastrophic impacts on the U.S. economy and government operations. The bill sets up debt ceiling negotiations on something that can pass to avoid the potential disaster of a default.

As part of our #MoneyMonday series, Eric Katz joined GovExec Daily to talk about the debt ceiling negotiations and how they affect federal employees.

***

Follow GovExec on LinkedIn:

https://www.linkedin.com/company/government-executive