Debt-Limit Prospects Gain as Parties Open to Short Deal
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House Republican leaders are presenting their members with a proposal to raise the debt limit for six weeks without policy conditions, said a congressional aide familiar with the details. The move would lessen the risk of a U.S. default one week from a lapse in borrowing authority.
The proposal wouldn’t end the partial government shutdown as Republicans try to shift the debate back to spending issues, said the aide, who asked for anonymity to discuss strategy. The plan’s emergence marked the first sign that the two parties could resolve part of the fiscal impasse that has shuttered the government for 10 days.