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House Republicans could as soon as next week vote on their proposal to raise the US government’s debt limit, while also cutting spending to a variety of Joe Biden’s priorities, Punchbowl News reports.
The US government has hit the legal limit on how much debt it can take on, and is expected to run out of money sometime in early June, which could cause it to default on its debt for the first time in history. That would have major negative ramifications for the economy, but the GOP lawmakers say they won’t support increasing the debt ceiling without concessions from Democrats, such as spending cuts.