Referred to the Committee on Ways and Means, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The bill would make it mandatory that any increase or suspension of the federal debt ceiling be balanced by an equivalent reduction in federal spending spread across the next decade. It targets Congress’s handling of the debt limit and overall budget decisions, aiming to keep the national debt from growing without offsetting cuts. The measure is intended to promote fiscal discipline while the debt limit is debated.
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