Senate Republicans are considering including a debt ceiling increase in a party-line bill to advance President Trump’s agenda. Senate Majority Leader John Thune is now open to this idea, aligning with House Republicans who proposed a $4 trillion hike in the debt limit. Some Republicans are changing their stance on addressing the debt limit separately, with members like Sen. Todd Young and Sen. Jim Justice expressing potential support for a debt ceiling increase in the bill. Thune favors compromising with the House on a budget resolution, which could be voted on in early April. The Congressional Budget Office projected a deadline for lawmakers to act on the debt ceiling in August or September. However, Republicans are facing challenges in passing the debt ceiling increase with only GOP votes, especially with conservative hard-liners pushing for spending cuts. Additionally, making Trump’s expiring tax cuts permanent presents another obstacle, as Senate rules require funding to make them permanent. Republicans are considering new accounting techniques to achieve this, with the Senate parliamentarian needing to rule on the method during the budget process. Treasury Secretary Scott Bessent emphasized the importance of solidifying Trump’s tax cuts, stating that the administration aims to work with Congress to make them permanent.
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