The House could vote as early as Wednesday on a bill that would raise the nation’s debt ceiling and reverse a cut made to some veterans’ benefits as part of the recent budget deal.
House Speaker John A. Boehner (R-Ohio) unveiled the proposal at a private meeting late Monday as his party races against the clock to avoid a political showdown over the need to authorize more borrowing. Treasury has said it will run out of money by Feb. 27 if Congress fails to act.
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