Webinar

NACo National Membership Call: Update on the Debt Ceiling Deal & County Impact

Jun. 5, 2023 , 4:00 pm – 5:00 pm
Contact Leenah Hegazy (202) 942-4263
Contact Eryn Hurley (202) 942-4204
  • Event

    NACo National Membership Call: Update on the Debt Ceiling Deal & County Impact

    President Biden and Republican leadership reached an agreement to address the debt limit and cap spending. The deal, titled the Fiscal Responsibility Act of 2023 (FRA) (H.R. 3746), would suspend the debt ceiling through January 1, 2025, effectively increasing the amount of money that the federal government can borrow to fund federal programs. After quickly passing the House, the legislation passed the Senate by a vote of 63-36 on June 1, ensuring the federal government will not run out of money to pay its bills on Monday, June 5, the day the government would default on its debt.

    Join NACo for a national membership call to hear about this bipartisan agreement and provisions of relevance to local leaders including spending cuts, permitting reform, implementing new work requirements for certain federal public assistance programs and reinstating federal student loan payments. To view NACo’s analysis of the deal, click here.

    Join us for a national membership call overviewing the provisions in the bipartisan debt ceiling deal of relevance to counties.
    2023-06-05
    Webinar
    2023-07-28
  • 03
    09
    2:00 pm
    Reports & Toolkits

    <p>In March of 2021, the American Rescue Plan Act of 2021 authorized the $350 billion State and Local Coronavirus Fiscal Recovery Fund&nbsp;(Recovery Fund),&nbsp;which provided&nbsp;$65.1 billion in direct, flexible aid to

  • Basic page

    Finance, Pensions & Intergovernmental Affairs Steering Committee

    All matters pertaining to the financial resources of counties, fiscal management, federal assistance, municipal borrowing, county revenues, federal budget, federal tax reform, elections and Native American issues. Policy Platform & Resolutions 2023-2024 2023 NACo Legislative Priorities
    page

    <p>All matters pertaining to the financial resources of counties, fiscal management, federal assistance, municipal borrowing, county revenues, federal budget, federal tax reform, elections and Native American issues.</p>

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