House Republican leaders are weighing several options for legislation that would combine an increase in the debt ceiling with cuts to federal spending.
The ideas under discussion range from a stopgap increase in the borrowing limit for only a few months to a larger bill that would raise the debt ceiling for the duration of President Obama’s second term.
Party leaders hope the rank and file will coalesce around a strategy at the annual House GOP retreat, which began Wednesday in Williamsburg, Va.
Reporter Russell Berman talks to Rod about the GOP Strategy at 6:35pm
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