According to several high-ranking Republican aides, the House GOP leadership on Tuesday morning will inform lawmakers of its plan to continue passing individual funding bills to reopen specific areas of the federal government. On a separate track, the House majority will pursue a short-term extension of the debt limit in hopes of reaching an agreement with the Senate before next Thursday’s deadline.
The proposal being floated right now, according to aides, would extend the debt limit for roughly one month and include dollar-for-dollar spending cuts. To win over skeptical conservatives, the House proposal is also likely to include language that would instruct the Treasury Department to prioritize its payments in the event a debt-ceiling agreement is not reached.
The decision to work separately on resolving the government-funding and debt-ceiling fights will likely surprise Republican lawmakers, many of whom acknowledged last week that they seemed to be heading inexorably toward one big, comprehensive negotiation. But with so little time remaining before the Treasury Department’s Oct. 17 deadline, and the severe implications of a government default, the House leadership seems prepared to prioritize its crises.
Join the conversation as a VIP Member