House Republicans are weighing an increase in the national debt limit for four years in exchange for big spending and entitlement cuts, Roll Call reports.
“The plan would, however, come at no easy price for Obama, who pledged as recently as Monday morning not to negotiate with Republicans on a debt ceiling hike. Republicans would demand major tax and entitlement reforms — the latter of which has been anathema to many Democrats — and they could also ask for movement on the sequester and an expiring continuing resolution that must be dealt with in the next three months.”
