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The bleak debt forecast

Heritage Foundation explains why GOP powerless to stop ceiling extension

Over the holidays, President Obama requested a debt ceiling extension of $1.2 trillion. The request comes just a few months after a fierce debt ceiling battle.  So why will this fight be mostly political theater? What did Republicans agree to last summer that makes them powerless to stop the increase?

We discuss it all with Bill Beach, director of the Center for Data Analysis at the Heritage Foundation.

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