House GOP May Add Budget Cuts to Debt-limit Bill
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WASHINGTON — House Republicans are considering substantial budget savings, curbs on the Obama administration’s environmental agenda and other items as the price for extending the government’s ability to borrow money.
GOP lawmakers and aides say that what to put in the legislation has been discussed in private meetings.
Options include raising premiums for higher-income Medicare recipients, forcing construction of the proposed Keystone XL oil pipeline, and blocking curbs on coal ash that the administration has proposed.
President Barack Obama has said he wants to simply extend the debt limit and will not negotiate on the legislation.
The government is expected to exhaust its ability to borrow money in mid- to late October. That would threaten a first-ever federal default, which many analysts believe would deal a severe blow to the economy.
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