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House to Weigh U.S. Debt Limit Increase as Deadline Nears

  • Lawmaker says Republicans to consider so-called clean bill
  • Legislation would need support from Democrats to pass
The U.S. Capitol Building stands on Oct. 3, 2014.

The U.S. Capitol Building stands on Oct. 3, 2014.

Photographer: Andrew Harrer/Bloomberg
Updated on

The House of Representatives plans to consider legislation next week to raise the U.S. debt limit as Republicans negotiate over the bill with Democrats, who insist that it be free of unrelated policy provisions.

House Majority Leader Kevin McCarthy said Friday the chamber is expected to address the borrowing limit next week. Treasury Secretary Jacob J. Lew has said Congress must raise the debt ceiling by Nov. 3 or risk default.