House Republican leadership is proposing a plan to raise the debt limit separately from the government funding bill, as reported by sources in a closed-door GOP meeting on Friday. The proposal entails raising the debt limit by $1.5 trillion next year in the 'first reconciliation package,' along with $2.5 trillion in cuts to 'net mandatory spending in the reconciliation process,' according to sources.
The plan to separate the debt limit increase from the government funding plan is currently being discussed in an ongoing House GOP conference meeting. This proposal aims to address the concerns of Republicans who oppose raising the debt ceiling without significant accompanying spending cuts.
