The bill H. R. 1092, titled the "Responsible Budgeting Act," proposes changes to how the United States manages its public debt limit. It aims to automatically increase the debt limit when Congress adopts a budget resolution that meets a specified financial ratio intended to...
Simple Explanation
This bill wants to make sure the government can borrow more money automatically whenever they agree on a budget plan, and if they can't decide, the President can ask to borrow more money too, but some people worry this gives the President too much power.