House Republicans hope to pass debt limit bill next week

House Republicans are crafting a debt ceiling bill with the ambitious goal of passing it next week, seeing it as a mechanism to force President Joe Biden to the negotiating table.

The legislation isn’t yet ready for prime time, GOP lawmakers said, and it has not yet been released. It’s far from clear Speaker Kevin McCarthy can find the votes to pass a bill with a narrow majority that allows no more than four Republican defections. Democrats are expected to vote no as a bloc.