House Republican leaders unveiled a bill that would raise the debt limit by $1.5 trillion while cutting discretionary spending and making changes to social safety net and energy programs.
Download the BGOV OnPoint: House GOP Offer Debt-Limit Proposal
Leaders are aiming to hold a vote the week of April 24 on the measure, which is a non-starter among Democrats. It’s unclear whether there will be enough support among Republicans to pass it.
President Joe Biden and congressional Democrats have insisted on a debt-limit increase without any conditions, but have said they are open to addressing fiscal 2024 spending separately.
The ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.