Debt-Ceiling Hike to Test GOP

A deal is taking shape that would raise the debt ceiling in return for program spending cuts.

By SHARE

After the just-elected Republicans cast their largely symbolic votes next January to overturn Obamacare, they will face a real test of unity on an issue of immediate importance: Raising the debt ceiling or shutting down the government. The new and sharply conservative members aren't keen to raise the ceiling of government borrowing, but the leadership isn't eager to shut Washington down. Whispers hears that a deal is taking shape that would raise the ceiling in return for a cut in some program spending by up to 7 percent. Republican leaders haven't given the idea the green light yet, but a top aide says it's likely to be OK'd.

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