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GOP’s Debt-Ceiling Proposal: Where Do Republicans Want to Cut Spending?
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The House is set to vote this week on a Republican bill that would raise the nation’s $31.4 trillion borrowing limit in exchange for deep cuts to government spending.
While the bill has no chance of passing the Democratic-controlled Senate, it marks the opening bid from the GOP in what are expected to be down-to-the-wire talks to raise the debt limit, ahead of a summer deadline. If no deal is reached, the U.S. could default on debt payments and other obligations.
Read more on wsj.comAbout this in other media
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