Here’s what’s in the House GOP bill to raise debt limit, cut spending

President Biden on Tuesday plans to meet with House Speaker Kevin McCarthy (R-Calif.) and other congressional leaders to discuss the debt ceiling, embarking on new, high-stakes talks with as few as three weeks remaining before the U.S. government could default.

The discussions come weeks after the House defied Biden and approved a GOP-backed bill that would raise the debt ceiling into next year, slash federal spending by billions of dollars and unwind some of the president’s priorities, including his program to cancel college student debt.