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Punchbowl Information: “McCarthy is contemplating having the Home go a short-term debt restrict improve – only a few months lengthy – with some modest budgetary financial savings provisions connected. This transfer would, in Home Republican management’s view, put the ball in Senate Democrats’ court docket. If this tactic works, a default on the federal authorities’s $31.4 trillion debt could be averted and Republicans may nonetheless hold the strain on Democrats for a everlasting resolution.”
“Home GOP leaders additionally consider they’ll must elevate the debt restrict by June, simply six weeks after Congress returns from this upcoming recess.”
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