Payroll-tax deal advances the next debt-ceiling debate

02/21/2012 | Hill, The

Last week's payroll-tax deal could wind up shortening the timeline for a fresh debt-ceiling battle, experts say. The agreement thrashed out by lawmakers adds billions of dollars in deficit spending, which could make it harder to get through to the November election without a further debt-ceiling increase. "It may turn out the timing is trickier than people had anticipated," says Maya MacGuineas, president of the Committee for a Responsible Federal Budget. "Anything that adds to the debt means that it moves the deadline up."

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