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Debt deal aims to expedite US energy investment
“Pork barrel politics”, referring to elected representatives securing benefits for their own districts, is generally used in a derogatory sense. But it can have its uses. To mix metaphors a bit, pork can grease the machinery of politics to help reach outcomes that are better for everyone, when the alternative might be gridlock. The debt ceiling legislation passed by Congress last week, avoiding a potentially disastrous financial crisis, is a case in point. Alongside the measures to curb government spending and lift the debt limit, which were at the heart of the deal between President Joe Biden and Republicans in ... (full story)