It would also cap some government spending over the next two years, speed up the permitting process for some energy projects, claw back unused COVID-19 funds, and expand work requirements for food aid programs to additional recipients.
Hardline Republicans had wanted deeper spending cuts and more stringent reforms.
"At best, we have a two-year spending freeze that's full of loopholes and gimmicks," said Representative Chip Roy, a prominent member of the hardline House Freedom Caucus.
Progressive Democrats - who along with Biden had resisted negotiating over the debt ceiling - oppose the bill for a few reasons, including new work requirements from some federal anti-poverty programs.
"Republicans are forcing us to decide which vulnerable Americans get to eat or they'll throw us into default. It's just plain wrong," said Democratic Representative Jim McGovern on Wednesday.
Late on Tuesday, the non-partisan Congressional Budget Office said the legislation would result in US$1.5 trillion in savings over a decade. That is below the US$4.8 trillion in savings that Republicans aimed for in a bill they passed through the House in April, and also below the US$3 trillion in deficit that Biden's proposed budget would have reduced over that time through new taxes.
In the Senate, leaders of both parties said they hoped to move to enact the legislation before the weekend. But a potential delay over amendment votes could complicate matters.
Republicans said Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell could need to allow votes on Republican amendments to ensure quick action.
But Schumer appeared to rule out amendments on Wednesday, telling reporters: "We cannot send anything back to the House, plain and simple. We must avoid default."
Senate debate and voting could stretch into the weekend, especially if any one of the 100 senators tries to slow passage.
Hardline Republican Senator Rand Paul, long known for delaying important Senate votes, has said he would not hold up passage if allowed to offer an amendment for a floor vote.
Senator Bernie Sanders, a progressive independent who caucuses with the Democrats, said that he would vote against the Bill due inclusion of an energy pipeline and extra work requirements. "I cannot, in good conscience, vote for the debt ceiling deal," Sanders said on Twitter.
In a win for Republicans, the bill would shift some funding away from the Internal Revenue Service, although the White House says that should not undercut tax enforcement.
https://news.google.com/rss/articles/CBMiZGh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vd29ybGQvdXMtaG91c2UtcGFzc2VzLWRlYnQtY2VpbGluZy1kZWFsLWRlZmF1bHQtdGhyZWF0LWxvb21zLTM1Mjk3NTHSAQA?oc=5
2023-05-31 22:52:00Z
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