House GOP leadership is likely to abandon tentative plans to vote on a Republican Study Committee-penned bill to lift the debt limit, throwing into question how Congress is going to lift the borrowing limit before a Nov. 3 deadline.

House leadership was considering a vote on the Terms of Credit Act Friday, but several GOP insiders said they will not put the bill on the floor. A Wednesday night whip check showed the party several dozen votes short, according to multiple sources familiar with the count.

The legislation would lift the debt limit until 2017, attempt to freeze all agency regulations for at least a year, try to force Congress to stay in session until it passes all appropriations bills and forbid the Senate from filibustering spending bills after October.

The measure would not have passed the Senate or garnered President Barack Obama’s signature, but it was seen as a first step before the inevitable: a vote on a debt limit bill without strings.

Now, House Republican leadership is saying Democrats need to give up something in order to convince a “minimum number” of GOP lawmakers to avoid a lapse in the borrowing limit.

Read the article “House GOP Likely to Abandon Debt-Limit Bill” on politico.com.