The government would keep running through March 14 and the debt limit would be suspended until early 2027, under a new House Republican proposal to avoid a shutdown this weekend, a plan that has yet to garner Democratic support.
House Republicans released a bill Thursday to fund the government, suspend the debt limit through Jan. 30, 2027, extend farm bill programs for a year, and provide disaster relief. The measure cuts out earlier provisions to restrict US “outbound investment” in China, give members of Congress up to a 3.8% pay raise, and rein in pharmacy benefit managers (see BGOV Analysis: ...