U.S. Senate GOP wants to hike debt limit by $5 trillion in mega-bill [View all]
Source: Nebraska Examiner
By: Jennifer Shutt - June 16, 2025 6:27 pm
WASHINGTON — U.S. Senate Republicans unveiled Monday that they plan to raise the country’s debt limit by $5 trillion in the “big, beautiful bill,” a full $1 trillion more than House GOP lawmakers proposed in their version.
The provision is tucked into the Senate Finance Committee’s 549-page section of the package, which also includes tax law changes and how Republicans in the upper chamber plan to rework Medicaid.
The bill is one of 10 the Senate will bundle together in the days ahead before bringing the full package to the floor for debate and amendment votes.
Senate Majority Leader John Thune, R-S.D., hopes to approve the legislation before the Fourth of July break, but because the chamber is changing the House bill in numerous ways, it will have to go back across the Capitol.
Read more: https://nebraskaexaminer.com/2025/06/16/repub/u-s-senate-gop-wants-to-hike-debt-limit-by-5-trillion-in-mega-bill/
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