House Plans Debt-Cap Bill Today With Device Tax Delay

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House Republicans plan to vote as soon as tonight on a debt-limit increase that would delay the medical-device tax for two years and curtail health insurance benefits for lawmakers and political appointees, Representative Darrell Issa said.

The proposal is designed as a Republican alternative to the bipartisan plan emerging in the Senate. Like the Senate proposal, the House measure would fund the government through Jan. 15, 2014 and suspend the debt limit until Feb. 7.