"Debt Limit Proposal Sparks Debate Among Top Republicans"
TL;DR Summary
House Speaker Kevin McCarthy unveiled a bill to raise the debt ceiling into next year, slash federal spending by roughly $130 billion, and block President Biden’s program to cancel college student debt. The GOP proposal would also impose new work requirements for welfare and Medicaid recipients, repeal green energy programs, and claw back unspent money authorized in previous coronavirus aid packages. Democrats vehemently oppose the measure, ensuring its failure in the Senate.
- What's in the Republican debt limit bill? The proposal, explained. The Washington Post
- McCarthy eyes $1.5T debt limit increase in push for key vote next week CNN
- Top Senate Republicans coalesce around McCarthy after he unveils debt limit proposal Fox News
- Opinion | A Few Ways Out of the Debt Ceiling Mess The New York Times
- Speaker Kevin McCarthy Heads Down Wrong Path on Debt Limit Bloomberg
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