WASHINGTON (AP) — Preparing for another debt showdown this summer, House Republicans advanced a bill Wednesday to protect Social Security recipients and investors in Treasury bonds if the government hits the limit of its borrowing authority.

The House Ways and Means Committee passed a bill that would exempt interest and principal payments on Treasury bonds from the statutory debt limit. It would also exempt interest payments to the Social Security trust funds.

Recommended Stories

Polish foreign minister blames rule-of-law crisis on ‘alliance’ of Russian bots and ‘global far right’

Democrats choose to become the party of Islamist, antisemitic hate

Supreme Court grapples with prisoner pushing for earlier transfer to halfway house under First Step Act