Senate Republicans are considering including a debt ceiling increase in their party-line bill to push forward President Donald Trump’s agenda. Senate Majority Leader John Thune is open to raising the debt limit within a spending package, aligning with a budget blueprint adopted by House Republicans. Some Republican senators, including Todd Young and Jim Justice, are also open to the idea of a debt limit hike but want spending cuts to accompany it. Thune is pushing for a compromise budget resolution with the House that could be voted on in early April. The Congressional Budget Office projected a deadline for lawmakers to act on the debt ceiling by August or September. The treasury secretary met with key officials to discuss including the debt ceiling hike in the bill. However, challenges remain, such as finding savings to pay for Trump’s expiring tax cuts and making them permanent. Senate Republicans hope to use a new accounting technique to set the cost of extending tax breaks at zero dollars. The Senate parliamentarian will need to rule on this. The Trump administration is prioritizing making the 2017 tax cuts permanent, but Democrats are likely to resist these efforts. Republicans are moving forward with the bill, hoping for a resolution that will address these issues and allow for a swift process.
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