Republicans Link One-Year Debt-Cap Suspension With Cuts
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House Republicans will consider a measure in the coming week that would suspend the U.S. borrowing limit for one year instead of raising it by a specific amount, said Representative Paul Ryan, the chairman of the Budget Committee.
Republican leaders will seek to attach several provisions to the measure that would reduce the U.S. budget deficit in the long run, Ryan said. If Congress passes the Republican plan, the government would continue borrowing.