Scaling back their ambitions in the latest fight over the nation’s borrowing limit, House Republicans said Friday that they will try to pass a bill next week to raise the limit for three months. But they warned that the Senate must work with them to pass a budget deal during that time before they would agree to raise the debt ceiling for the long term.
Under the bill, Congress would increase the debt limit through mid-April — long enough, House Republicans say, to give both chambers time to pass a budget agreement. Turning up the pressure on the Senate, the measure would withhold Congress’s paychecks if either chamber fails to adopt a budget by April 15.
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