IN-DEPTH: 3 Things to Know About House Debt Limit Bill Set for Vote This Week

Rep. Kevin McCarthy (R-Calif.) speaks with a colleague as the House of Representatives continues voting for new speaker at the U.S. Capitol in Washington, on Jan. 4, 2023. Olivier Douliery/AFP via Getty Images

The House of Representatives is expected to vote this week on a Republican plan to raise the debt ceiling while cutting spending and stimulating economic growth.

House Speaker Kevin McCarthy (R-Calif.) introduced the Limit, Save, Grow Act of 2023 in a House floor speech on April 19, saying, “We owe it to the American people to use this moment in history to deliver the future they want, need, and deserve.”