House Republicans unveil their plan to raise the debt ceiling for just one year — and it already faces hurdles from its own party
House Republicans have officially unveiled their legislation to raise the debt ceiling — and they're setting themselves up to go through this chaos all over again next year.to raise the debt ceiling by $1.5 trillion, or until March 31, 2024, whichever comes first. McCarthy told reporters that he plans to bring the bill to the House floor for a vote next week, and he has expressed confidence that he will have sufficient votes to get it passed through his chamber.
"The Limit, Save, Grow Act will limit federal spending, save taxpayers trillions of dollars, grow our economy, and lift the debt limit into next year," McCarthy and other GOP leaders said in a."This legislation will make us less dependent on the whims of the Chinese Communist Party and curb high inflation, all without touching Social Security or Medicare — because no one is hurt more by inflation than seniors.
But some GOP lawmakers have not been fully on board with McCarthy's proposal. Rep. Nancy Mace, for example,
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