Over Memorial Day weekend, Congressional leaders and the White House announced an agreement on the debt limit and a budget plan that puts caps on discretionary spending and rescinds some unspent COVID relief payments. The legislation known as the Fiscal Responsibility Act (FRA) is expected to be voted on in the House of Representatives tomorrow, and then move to the Senate. The Treasury Department has updated its “Date X” forecast of when the federal government will exhaust its extraordinary measures to 5 June (next Monday) from the previous estimate of 1 June (this Thursday). Since it was announced on Saturday, the deal has shown all the qualities of a major compromise, as it has drawn critics from both sides. So, what is in i...