Source: Stephanie Condon / CBS News
Now that Congress has inched closer to passing a government spending bill without defunding Obamacare, House Republicans are shifting their campaign against the health care law to the next looming fiscal fight — the debt limit.
House Speaker John Boehner, R-Ohio, told reporters Thursday that House Republicans are introducing legislation “that ties important spending cuts and pro growth reforms to a debt limit increase.”
Those reforms include delaying parts of Obamacare for a year, tax reforms and provisions to reduce energy costs, House Majority Leader Eric Cantor, R-Va., said. More specifically, the plan reportedly includes provisions that address the development of the Keystone XL pipeline, EPA carbon regulations, coal ash regulations, parts of the Dodd Frank Act and more.
Treasury Secretary Jack Lew has warned Congress that if the U.S. doesn’t raise the debt limit — its legal borrowing authority — by Oct. 17, the U.S. will no longer be able to borrow enough money to pay its bills.
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