A bipartisan group of House lawmakers have released an outline for raising the debt ceiling, providing a competing option to the emerging plan from Republicans.
The proposal is vague. It outsources the task of finding ways to reduce the deficit in the short term to appropriators in a government funding bill and kicks the job of proposing long-term solutions to a new independent commission. It was released as aThe plan by the Problem Solvers Caucus — led by Reps. Brian Fitzpatrick, R-Pa., and Josh Gottheimer, D-N.J. — would suspend the debt ceiling through Dec. 31, 2023, allowing the U.S.
It’s far from clear whether the proposal can pass the Republican-controlled House — or if Speaker Kevin McCarthy, R-Calif., will put it to a vote. McCarthy is working on his own GOP plan that heIn order to formally endorse a plan, the group needs the support of three-quarters of the Problem Solvers Caucus, which is comprised of 31 Republicans and 32 Democrats.
Sen. Joe Manchin, D-W.Va., a centrist who has worked with the Problem Solvers Caucus in the past, said Wednesday he hadn’t seen the proposal and declined to comment on it.
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