Last updated on October 3, 2025
No, it is not currently allowed under the Fiscal Responsibility Act of 2023. This law, enacted in June 2023, ties any increase in the federal debt ceiling to the implementation of new discretionary spending caps for fiscal years 2024 and 2025. These caps are enforced through sequestration, meaning automatic across-the-board spending cuts if limits are exceeded. The act also includes provisions to rescind unobligated funds and expand work requirements for federal assistance programs. This legislation aims to balance fiscal expansion with budgetary discipline.
https://www.congress.gov/bill/118th-congress/house-bill/3746
6/3/2023