A proposal by the bipartisan Problem Solvers Caucus outlines four steps to avoiding a default if the government's debt limit isn't increased when it's expected to be reached.
by the caucus — which is made up of 31 Republicans and 32 Democrats in the House — was shared with Axios.
It outlines four steps to avoiding a default if the government's debt limit isn't increased when it's expected to be reached, possibly within a couple of months:Establish an independent commission — modeled after a Pentagon panel that determines which military bases to close — to recommend a package to stabilize the debt and deficit, which would be voted on by Congress.
Congressional leadership in both parties has shown little interest in climbing out of their respective trenches and coming together on such a plan.to bring their conference together on a budget proposal. "Leadership feels this is not important or necessary at this time," a Democratic leadership aide told Axios earlier this month of the group's efforts.
The caucus also has struggled at times to get its members to vote on legislation it has endorsed, most notably on last session's infrastructure bill, whichHouse GOP leaders say they plan to hold a vote on a debt ceiling bill as soon as next week — though far more than the five Republicans who could sink the legislation
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