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- Record Debt Limit Increase Would Break Republican Precedent
The national debt is approaching $37 trillion This week, Senate Republicans unveiled legislation that would raise the debt limit by $5 1 trillion, higher than the $4 trillion increase that House Republicans voted for in their bill last month Such an increase would likely extend the nation’s ability to borrow into 2028
- House Republicans unveil $4 trillion debt ceiling increase plan
House Republicans raised the nation’s debt ceiling by $4 trillion in its bill for President Donald Trump's tax agenda, avoiding Democratic pressure but potentially creating intraparty conflict
- Senior House Republican pushes senators on debt ceiling increase
If Republicans drop the debt ceiling increase from their framework, they’ll have to enlist Democrats to help them raise it separately before the Treasury Department hits its borrowing limit in a few short months “The Democrats are not playing ball with anything right now,” Smith said
- Record Debt Limit Increase Would Break GOP Precedent
“For years, Republicans have warned about the government’s reliance on borrowed money to pay its bills That stance has often led to standoffs over raising the nation’s borrowing cap, with Republicans insisting that any increase in America’s so-called debt limit be paired with spending reductions,” the New York Times reports
- Here’s what’s in the GOP bill to lift the U. S. debt limit
Increase the debt limit The Republican would suspend the debt limit through March 31, or by $1 5 trillion, whichever comes first That would tee up another debt ceiling fight for early next year
- House Republicans unveil blueprint to extend $4. 5 trillion in . . .
The budget plan also directs a variety of House committees to cut spending by at least $1 5 trillion while stating that the goal is to reduce spending by $2 trillion over 10 years
- U. S. House GOP releases budget that raises debt limit by $4 . . .
The House’s budget resolution, which the committee will mark up on Thursday, would also raise the debt limit by $4 trillion The United States has amassed $36 22 trillion in debt over decades Speaker Mike Johnson, R-La , wrote in a social media post there are still many steps for GOP lawmakers to go through before they’ll be able to send
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