House Republicans are planning to hold a test vote on the debt ceiling debate as early as next week.
GOP leaders told their Conference on Tuesday that they plan to take up a stand-alone debt ceiling bill to lay down a marker for the ongoing debate.
Though they expect the measure will fail, the move is an attempt to show Senate Democrats and President Barack Obama that significant offsets are needed to increase the debt ceiling.
House Ways and Means Chairman Dave Camp (R-Mich.) introduced the bill Tuesday that will increase the national debt limit by $2.4 trillion. Still, Camp said in a statement that he strongly opposes the measure.
“Let me be clear: I do not support and will not vote for a debt limit increase that does not contain significant spending cuts and budgetary reforms,” Camp said. “Our current path is unsustainable and unacceptable. We must force Washington to live within its means, and any deal on the debt limit should include real reforms — including entitlement programs like Medicare.”
Lawmakers appointed by Congressional leaders in both parties have been negotiating for weeks with Vice President Joseph Biden on a debt limit deal that could include cuts to spending and possibly entitlements, such as Medicare and Medicaid. Those Biden talks are set to resume Tuesday afternoon.
Treasury Secretary Timothy Geithner has told Congress that the government risks defaulting on its obligations without a debt limit increase by Aug. 2.
Hillary Rodham Clinton, center, along with former Secretary of State Madeleine Albright, right, and Annette Tilleman-Dick, left, wife for former Rep. Tom Lanots, D-Calif. Clinton was honored with the Tom Lantos Human Rights Prize during a ceremony last week at the Cannon House Office Building. Previous winners include the Dalai Lama and Elie Wiesel.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.