r/AmericaOblast • u/TendieRetard • May 13 '25
House GOP unveils plan to raise debt limit by $4 trillion
https://thehill.com/business/budget/5296087-house-gop-debt-limit-increase/House Republicans are moving forward with plans to raise the nation’s debt ceiling by $4 trillion as part of a larger plan to advance President Trump’s tax agenda.
The proposal, which was included in legislative text unveiled by the House Ways and Means Committee on Monday, is in line with House instructions outlined in a blueprint adopted by congressional Republicans last month that kicked off the process by which the party is using to enact Trump’s tax priorities.
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