The House is set to vote this week on a Republican bill that would raise the nation’s $31.4 trillion borrowing limit in exchange for deep cuts to government spending. Here's where the GOP wants to slash spending.
Photo illustration: Madeline MarshallThe House is set to vote this week on a Republican bill that would raise the nation’s $31.4 trillion borrowing limit in exchange forWhile the bill has no chance of passing the Democratic-controlled Senate, it marks the opening bid from the GOP in what are expected to be down-to-the-wire talks to raise
, ahead of a summer deadline. If no deal is reached, the U.S. could default on debt payments and other obligations.
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