Republican Deficit Reduction Bill Would Force Biden to Cut Spending

Vice President Kamala Harris and Speaker of the House Kevin McCarthy (R-Calif.) listen as President Joe Biden delivers the State of the Union address in the House Chamber of the U.S. Capitol in Washington on Feb. 7, 2023. Saul Loeb/AFP via Getty Images

President Joe Biden will have cut spending over 10 years by an amount equal to any requested increase in the debt ceiling if a Republican proposal becomes law.

Announcement of the bill came on the same day Senate Democrats chided Republicans for their unwillingness to provide details of the spending cuts they insist must be made in exchange for an increase to the nation’s debt ceiling, which will be breached no later than September.