Stock photo ID: 134176955 By Richard Cavalleri

Congress: Short-term deal reached on debt limit

What most economic observers described as a catastrophe waiting to happen has been avoided, with Congress coming to a short-term deal on the debt ceiling—which will guarantee  some continuity in the economy and government, including federal pay.

The agreement will fund the government’s borrowing—just about all of it, in the trillions, taken on by the Trump, Obama and other previous administrations—through Dec. 3. By that time, the two parties in Congress, it is hoped, will manage to put together a mutually acceptable longer-term deal. 

Employee organizations are guardedly happy with the news—their hesitation comes with the next agreement will have to be negotiated alongside agency spending. 

“This agreement avoids a catastrophic and unprecedented default caused by the U.S. running out of borrowing authority sometime around Oct. 18,” the National Treasury Employees Union said. “A default could have delayed federal employee paychecks and interrupted countless other federal spending programs.” 

“However, the short-term deal now pushes the default deadline into December, where it may coincide with the Dec. 3 expiration of the continuing resolution that has temporarily funded government agencies for the beginning of the 2022 fiscal year,” NTEU added, emphasizing labor’s concerns. 

NTEU, like other federal employee unions and good government organizations, continues to declare it wants Congress to come to longer-term solutions for the debt limit as well as government spending bills, in behalf of federal employees and the public. 

Reader comments

Wed, Oct 13, 2021

Give the inept congress and senate a short term deal, it is called TERM LIMITS, reduced salary and benefits. They are all bloats in a dysfunctional system that breeds more inept minions and morons.

Tue, Oct 12, 2021

Problem is: The same roadblock comes up again in early December!

Mon, Oct 11, 2021

Congress and the Senate are elected no good, lazy scum bags. Time for term limits and reductions in salaries and benefits. Hear that Mitch, Paul, Pelosi, Schumer and the rest of the gang of stooges.

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above.

2021 Digital Almanac

Stay Connected

Latest Forum Posts

Ask the Expert

Have a question regarding your federal employee benefits or retirement?

Submit a question