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That 1% cut in federal spending in the debt limit law? It’s complicated.

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That 1% cut in federal spending in the debt limit law? It’s complicated.

Aug 16, 2023 | 5:28 pm ET
By Jennifer Shutt
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That 1% cut in federal spending in the debt limit law? It’s complicated.
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Under the debt limit law, domestic spending actually would get a boost compared to what it’s supposed to be if Congress can’t do its job and pass its spending bills by next spring. (Getty Images)