House GOP Will Trade Debt Deal for Reversing Pension Cut

“The House is likely to vote Wednesday on a plan to extend the government’s borrowing authority into 2015 in exchange for reversing a cut to the pensions of working-age military veterans that Congress approved just two months ago to try to trim the budget deficit,” the New York Times reports.

“The plan, presented to House Republicans on Monday evening by their leaders, represents a dramatic reversal for the House after three years of using the debt ceiling to extract major spending cuts and conservative policy changes. In this instance, the debt ceiling deadline — looming at the end of this month — will be used to reverse the only difficult spending cut included in a budget and deficit-reduction deal reached in December.”

Roll Call: “The deal remains tenuous, however, as leaders will still have to round up a large swath of support from the Republican Conference.”