House Republicans on Friday afternoon released their "Cut, Cap and Balance" bill that the House is expected to take up next week.Details at the link
Republicans have said they would only accept an increase in the federal debt ceiling if immediate cuts are made, federal spending is brought back into balance over the next several years, and a balanced budget amendment to the Constitution is approved. The GOP bill, H.R. 2560, would do all three.
Friday, July 15, 2011
At The Hill, "House Republicans release 'Cut, Cap and Balance' bill."