Wis. GOP introduces federal debt bill - WAOW - Newsline 9, Wausau News, Weather, Sports

Wis. GOP introduces federal debt bill

MADISON, Wis. (AP) -- Wisconsin Republicans have introduced a bill that would require state agencies to devise contingency plans for dealing a federal government can't meet its funding obligations to the state.

The measure would require state agencies to include in their budget request an analysis of what problems they would face, how they would adjust to the loss of federal revenue and plans for monitoring the federal government's inability to meet its obligations.

President Barack Obama and Republicans are trying to reach a deal on the nation's debt ceiling before a threatened Aug. 2 government default.

Republican Gov. Scott Walker's top aide released a report earlier this week that found Wisconsin has enough cash on hand to replace any lost federal dollars for at least three months.

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