Congress Works While Debt Limit Looms (Beltway Buzz, May 19, 2023)

The Beltway Buzz is a weekly update summarizing labor and employment news from inside the Beltway and clarifying how what's happening in Washington, D.C. could impact your business.

Congress Works While Debt Limit Looms. As our country speeds toward defaulting on its debts on June 1, 2023, the White House and congressional leaders are still looking for an agreement to raise the debt ceiling. The Buzz often uses a presentation slide with the heading, "Congress: Always a Crisis," and the current financial situation is a prime example of our legislators' brinksmanship. That said, the tense negotiations haven't sucked all the air out of the room, as the U.S. Congress has moved on some bills that could impact employers: