House Republicans on Wednesday passed the Limit, Save, and Grow Act, which raised the U.S. debt limit through March 31, 2024, or by $1.5 trillion, whichever comes sooner. The bill would also limit future spending by returning discretionary spending to pre-pandemic levels and caps growth of discretionary spending at one percent per year for the next ten years, while also limiting the number of able-bodied citizens that are eligible for federal food assistance programs (SNAP).
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