![]() ![]() Policy experts say failing to suspend or raise the debt limit could disrupt spending at the state level, particularly with regard to the recently enacted $1.2 trillion infrastructure law. States across the country are dependent on a steady flow of cash from the federal government to supplement their own tax revenue, but that pipeline of financial assistance is at risk amid a looming deadline for Congress to avoid the nation’s first default. A high-stakes debt ceiling standoff in Washington could have spillover effects on state spending plans that rely heavily on federal aid to fund a variety of social programs and transportation projects. ![]()
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