New York (CNNMoney.com) – Congress on Thursday previewed a grab-bag bill of spending and tax measures that is likely to be a flash point in the debate over the federal debt.
The legislation would extend a host of tax breaks, give continued relief to the unemployed, delay cuts to doctors' Medicare reimbursements, provide support for job growth and fund disaster relief, among other things.
Congress' budget scorekeepers haven't finished estimating the total cost of the bill and the amount of revenue it would raise through pay-for measures. But the pay-fors are not likely to cover even half of the total cost, which could top $150 billion.
The bill, a melded version of proposal passed earlier by the House and Senate, won't be free of opposition on either side of the aisle. There is pressure to pay for more of the bill's provisions, and there is strong disagreement over some of the pay-fors that are included.