Cheat sheet: What’s in Republicans’ sweeping 320-page debt limit proposal

House Republicans this week unveiled a sprawling 320-page proposal to raise the debt limit and are sprinting toward a vote next week. 

The sweeping bill lays out a proposal to raise the debt ceiling, which puts a limit on how much the debt the government can owe on to pay the country’s bills, by $1.5 trillion or through the end of next March, whichever comes first.

Congress is expected to have until sometime in the summer to raise the roughly $31.4 trillion cap, or risk what experts say could be an unprecedented default. 

Republicans have insisted any action to raise the debt ceiling be paired with significant fiscal reform, seeking concessions from Democrats in exchange for their cooperation.