House GOP to take early step on bill preparing for federal default
3/8/23
< < Go Back
from The Washington Post,
3/8/23:
The proposal, known as ‘debt prioritization,’ comes as the two parties remain at distant odds over how to resolve their fight over the debt ceiling.
House Republicans are readying a proposal that would prepare the U.S. government in the event of a default, as GOP leaders and the White House remain at distant odds over the fate of the debt ceiling.
The House Ways and Means Committee, led by Rep. Jason T. Smith (R-Mo.), announced that the panel will consider a measure Thursday that would prioritize some federal payments over others, arguing it would protect U.S. credit if the two parties cannot reach a deal over the country’s ability to borrow to pay its bills.
More From The Washington Post (subscription required):
Rss Feed