IN-DEPTH: 3 Things to Know About House Debt Limit Bill Set for Vote This Week

The House of Representatives is expected to vote this week on a Republican plan to raise the debt ceiling while cutting spending and stimulating economic growth.
House Speaker Kevin McCarthy (R-Calif.) introduced the Limit, Save, Grow Act of 2023 in a House floor speech on April 19, saying, “We owe it to the American people to use this moment in history to deliver the future they want, need, and deserve.”
However, the bill’s passage in the House—let alone in the Democrat-controlled Senate—is anything but certain.
Here’s what’s in the bill, what Republicans hope it will accomplish, and what could happen next….}