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Republicans don’t want debt to grow.

CNBC 5-29-2023. Republicans speak out against U.S. debt-ceiling deal, in sign of rocky road ahead. CNBC. https://www.cnbc.com/2023/05/29/republicans-speak-out-against-us-debt-ceiling-deal.html. DL

Republicans have argued that steep spending cuts are necessary to curb the growth of the national debt, which at $31.4 trillion is roughly equal to the annual output of the economy.

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