Talk:2023 United States debt-ceiling crisis

Second Paragraph Needs Sources, Seems Biased, and Needs Context

The second paragraph makes several claims, such as how the Republican party is demanding that President Biden negotiate spending cuts in exchange for agreeing to raise the debt ceiling, how it had routinely been raised without any conditions, and what the debt ceiling means. However, it does not include any sources for any of the information listed. So, what are the sources for these claims?

Also, its first two claims seem biased in favor of the Democrats, so it should probably be re-written to get rid of said bias.

Finally, given that this is not the first time there has been an impasse over the debt ceiling between the president and Congress (when a different party controls each), it would probably help to include some context into this, including summaries of how raising the debt ceiling has been resolved in the past when there has been a partisan dispute over it (along with links to other entries that go into them in more detail).

I also bring this up because the debt ceiling impasse is already a major news story here in America, and I expect it will continue to get bigger and bigger as time goes on, meaning that there will undoubtedly be some people who come to this page to get an idea of what's going on with it. So, it seems like this page should have trustworthy information that goes over this topic, so as to better inform visitors. Mateo Tembo (talk) 03:00, 22 January 2023 (UTC)

@Mateo Tembo, I removed the unsourced paragraph. Wow (talk) 12:47, 22 January 2023 (UTC)

This entry does look better without that paragraph, so good call on that. Mateo Tembo (talk) 20:29, 22 January 2023 (UTC)

New York Times citations

Since there's a limit to the number of NYT articles accessible without a subscription it would be useful to include the original URL access level and an archived URL in each NYT citation or to cite a source with unrestricted access. Mcljlm (talk) 13:01, 1 June 2023 (UTC)

I am not sure if Wikipedia allows this, but maybe we can add a paywall bypass like https://12ft.io/ to resolve this issue? Lucydesu (talk) 10:20, 3 June 2023 (UTC)

Crisis resolved?

Should we add a text that says the crisis has been resolved as of the 1st of June 2023 with the passage of the Fiscal Responsibility Act of 2023? I am not well-versed in American politics, but it seemed this act resolved the crisis, or at least postponed its conclusion to 2025. Lucydesu (talk) 10:18, 3 June 2023 (UTC)

An inquiry about the figures given for IRS funding rescission

The following passages from this article under "Agreement" section says:

About a quarter of the $80 billion of additional funding for the Internal Revenue Service provided for in the Inflation Reduction Act of 2022 are rescinded.

But the text from the official site of the United States Congress for this legislation says the following:

Of the unobligated balances of amounts appropriated or otherwise made available for activities of the Internal Revenue Service by paragraphs (1)(A)(ii), (1)(A)(iii), (1)(B), (2), (3), (4), and (5) of section 10301 of Public Law 117-169 (commonly known as the ``Inflation Reduction Act of 2022'') as of the date of the enactment of this Act, $1,389,525,000 are hereby rescinded.

Now, if I divide 80 by 4 to get a quarter, I get 20. Which means $1,389,525,000 is not a quarter of $80 billion, as I understand it. I am confused as to how and where the quarter comes from.

It appears that the $20 billion may have come from the CNN source cited for these passages quoted here, where it said the following:

The package will repurpose $10 billion from fiscal 2024 and another $10 billion from fiscal 2025 appropriations to be used in non-defense areas, according to the White House source.

This provision does not appear in the text of the bill, but another source familiar with the deal said both sides have agreed to it.

Separately, the legislation will also rescind $1.4 billion in IRS funding from the act, which the GOP describes as the full amount of funds included in the agency’s fiscal 2023 spending plan for non-taxpayer services.

Is it possible that whoever put the figure for the rescission as being a quarter of $80 billion funding originally authorized by the Inflation Reduction Act for IRS may have missed the second paragraph quoted from the CNN source above and mistook $20 billion or a quarter as an actual number given for IRS funding rescission? Legion (talk) 18:27, 24 October 2023 (UTC)