House Republicans will meet in closed session Monday night, as congressional negotiators and the White House near a two-year budget deal that would boost defense and domestic spending by tens of billions of dollars, and lift the debt ceiling until March 2017.
The ambitious accord, which is being negotiated by top House, Senate and White House officials, would boost defense and nondefense spending by $50 billion next year, and $30 billion the year after, split evenly between defense and nondefense programs. Negotiations are fluid, however, and specifics might change before legislation is filed.
A cap on premium hikes for Medicare Part B beneficiaries sought by House Minority Leader Nancy Pelosi (D-Calif.) but initially rejected by the White House would also be included. Medicare Part B covers doctors services, outpatient hospital services, and some home health care. The deal under discussion is also expected to address Social Security disability insurance, according to multiple sources.
The new spending would be offset by extending existing measures to contain Medicare and hospital costs, the sources said.
A bill could be filed by Monday night, which could set up a midweek vote.