WASHINGTON — House Republicans unveiled legislation Wednesday to pair their favored spending cuts and energy and regulatory policies with a debt limit increase lasting through early next year.
In a floor speech shortly before the bill text was released, Speaker Kevin McCarthy said the measure would “responsibly raise the debt limit into next year and provide more than $4.5 trillion in savings to the American taxpayer.”
The California Republican told reporters before his speech he is planning to bring the bill to the floor next week and is confident it will pass.
