House Speaker Details GOP Plan to Raise Debt Ceiling in Reconciliation Bill
Mike Johnson (R-La.) says Republicans want to avoid brinkmanship with Democrats that could destabilize bond markets and weaken the dollar. House Speaker Mike Johnson (R-La.) said on Jan. 7 that congressional Republicans plan to raise the nation’s borrowing limit through a party-line reconciliation bill designed to encompass President-elect Donald Trump’s policy priorities. Johnson described the