Next week, House Republicans are planning to stage a vote on a "clean" bill to increase the debt ceiling (with "clean" meaning that widely-demanded spending cuts would not be attached to the bill). From The Hill:
The vote is aimed at demonstrating that such a measure cannot pass the House, increasing pressure on President Obama and Senate Democrats to accept deep spending cuts in exchange for authorizing the Treasury to borrow more than the $14.3 trillion current limit…
Rep. Dave Camp (R-Mich.), the chairman of the House Ways and Means Committee, said he had introduced the necessary legislation on Tuesday.
"The legislation I filed today will allow the House to reject a clean increase in the debt limit proving to the American people, the financial markets and the administration that we are serious about tackling our debt and deficit problems," he said in a statement.
As many Democrats have remained mum on real solutions to solve the nation’s debt crisis, Republicans are hoping that the intended-to-fail vote will act as a catalyst to rouse the more stubborn members of Congress as the countdown to default on August 2nd begins.
Join the conversation as a VIP Member