The Tweaked BCA

This is how the Speaker’s office explains the new version of the Budget Control Act: 

‣Bill currently has a two-step process for raising the debt ceiling.

‣As currently written, before POTUS can request second tranche of increased debt authority, Select Committee must produce spending cuts larger than the debt hike.

‣Change to bill would specify that before POTUS can request second tranche of debt authority, Select Committee must produce spending cuts larger than the hike AND a Balanced Budget Amendment must be sent to the states.

Kathryn Jean Lopez — Kathryn Jean Lopez is a senior fellow at the National Review Institute and an editor-at-large of National Review. Sign up for her weekly NRI newsletter here. This column is based on one available through Andrews McMeel Universal’s Newspaper Enterprise Association.