Dollar-for-Dollar Deficit Reduction Act

Summary

The bill would make it mandatory for any legislation that raises or suspends the federal debt ceiling to include spending cuts that are at least as large as the increase, spread over the current and next ten fiscal years. It applies to the Treasury, the President’s debt‑limit request, and any congressional action on the debt limit, aiming to curb deficits. By linking debt‑limit changes to cuts, it seeks to force fiscal discipline before new borrowing is authorized.

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