S 4173
A bill to require that any debt limit increase or suspension be balanced by equal spending cuts over the next decade
In Committeeeconomy
Floor Vote
Passed
Signed
Summary
**What it does:** This bill would require that whenever Congress raises or suspends the federal debt ceiling, it must also implement spending cuts equal to the debt increase over the following 10 years. **Who it affects:** - All Americans who rely on federal programs and services - Government agencies and employees - Recipients of federal benefits, grants, or contracts - Anyone impacted by changes in government spending levels **What would change:** If passed, any future increase to the debt limit would automatically trigger mandatory spending reductions spread across a decade.