GOP bills would tie debt-limit increases to spending cuts as debt nears $40T
Two GOP proposals would prevent Congress from raising the federal debt limit unless new spending is offset by cuts elsewhere.
With the U.S. approaching $40 trillion in debt and a mid-2027 debt-limit deadline, two Republican bills would bar Congress from raising the debt ceiling unless any increased spending is matched by cuts elsewhere. The measures are designed to force offsets for new spending rather than permit additional borrowing.