House GOP to unveil debt ceiling plan with spending cap.

House Republicans will introduce their plan to address the debt ceiling on Tuesday, which aims to lift the debt ceiling into next year, limit federal spending, and return discretionary funding levels to those from 2022. The plan is unlikely to receive support from many Democrats in the House or Senate, but it could serve as an opening marker for future negotiations on the matter. The White House has maintained that it wants a clean hike, while House Republicans are pushing for spending cuts to be associated with a debt limit increase.