House Republicans Plan to Vote on Debt Limit, Spending Cuts Next Week
- Biden refuses concessions, slams McCarthy Wall Street speech
- Republican proposal emerges as US default deadline approaches
The Capitol building in Washington, DC.
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House Republicans are planning to vote next week on a bill that would raise the US debt ceiling and enact deep cuts to US spending, with conservatives demanding additional changes and President Joe Biden and other Democratic leaders refusing to offer concessions in exchange.
“We have an outline of a plan, and there is still input coming in,” Rules Committee Chairman Tom Cole of Oklahoma said Tuesday. “I am confident we will pass it.”