Bloomberg Law
March 31, 2023, 10:05 AM

HILL ENERGY BRIEFING: GOP Preps Debt Limit, Energy, Budget Bill

Katrice Eborn

House Republicans are finalizing a bill combining an increase in the US debt ceiling with spending cuts, energy deregulation and other GOP priorities, Speaker Kevin McCarthy (D-Calif.) told reporters Thursday.

McCarthy added that his party would be prepared to pass the bill should President Joe Biden refuse to negotiate.

Republicans hold a narrow majority in the House, but the bill is opposed by Democrats, who control the Senate, Erik Wasson reports.

McCarthy’s comments come the same day House Republicans passed a sweeping energy bill that would repeal parts of Democrats’ marquee climate law and boost US oil and gas ...

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