(The Center Square) As the U.S. nears a mid-2027 debt-limit deadline with debt approaching $40 trillion, two Republican bills would bar Congress from raising the ceiling without matching any increased spending with spending cuts elsewhere.
The Dollar-for-Dollar Deficit Reduction Act, introduced separately by U.S. Senate Republican Whip John Barrasso of Wyoming and Rep. Greg Steube, R-Fla., would require any increase or suspension of the debt limit to be matched by equal or greater spending cuts over the current year and the following 10 years. It would be enforced through a congressional point of order. The National Taxpayers Union supports the measure.
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