The Fiscal Responsibility Act of 2023 resulted from a good-faith effort on both sides of the negotiating table to hammer out a solution to the debt ceiling crisis that would avoid a default.
That’s a good outcome, according to Office of Management and Budget Director Shalanda Young, even though some may be disappointed with the result.
“This agreement represents a compromise, which means no one gets everything they want and hard choices had to be made. Negotiations require give and take. That’s the responsibility of governing,” Young told reporters on May 30.
Rank and File Complaints
Young and Steve Ricchetti, a presidential adviser, met almost constantly over the past two weeks to find common ground with Rep. Garret Graves (R-La.) and Rep. Patrick McHenry (R-N.C.), who represented House Speaker Kevin McCarthy (R-Calif.)….