Although administration aides want to avert a shutdown, analysts expect many voters to blame Republicans if it happens
reached in June. That deal, reached between McCarthy and Biden with days until the Treasury Department would have had to stop borrowing money to pay for spending Congress had already authorized, specified that the government would spend about the same amount next fiscal year as it has this year — which, accounting for inflation, may mean small spending cuts in many programs.
Because a government shutdown is likely to be far less painful for the economy than breaching the debt ceiling would have been, the shutdown looks likelier to actually happen.
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