Annabelle Gordon, The Hill

House Speaker Kevin McCarthy (R-Calif.) on Wednesday unveiled a debt limit bill from Republicans, proposing to either raise the debt limit by $1.5 trillion or until the end of March 2024, whichever comes first.

The bill — dubbed the Limit, Save, Grow Act — also includes provisions rolling back Inflation Reduction Act measures. McCarthy said the bill would save $4.5 trillion for taxpayers.

The Speaker said Monday on Wall Street that the House would soon vote on a bill to lift the debt ceiling, return discretionary funding to 2022 levels "and then limit the growth of spending over the next 10 years to 1 percent of annual growth."

Read more analysis of the bill here and see the text of the bill here

President Biden has pressed the GOP to release a budget plan after releasing his own plan last month.

The president traveled to Maryland on Wednesday to tout his proposal at the International Union of Operating Engineers (IUOE) Local 77 Training Center.

The Hill's Emily Brooks and Aris Folley wrote that the GOP debt limit bill "is intended to bring President Biden to the negotiating table" and that a long-term budget plan from Republicans "is not expected any time soon."

Welcome to Evening Report! I'm Amee LaTour, catching you up from the afternoon and what's coming tomorrow. Not on the list? Subscribe here.

• The Senate on Wednesday was slated to receive a classified briefing on recently leaked intelligence documents. A hearing for the man charged in the leak was scheduled for Wednesday but delayed.
  
  

• Robert F. Kennedy Jr., an anti-vaccine activist and nephew of former President John F. Kennedy, announced he's seeking the Democratic nomination for president in 2024.
  
  

• The White House announced President Biden will host Spanish Prime Minister Pedro Sánchez on May 12.

Screenshot, Senate Foreign Relations Committee

Key moments from Wednesday's congressional hearings:

Sir Elton John testified remotely during the Senate Foreign Relations Committee's hearing on the President’s Emergency Plan for AIDS Relief (PEPFAR). The plan was authorized 20 years ago.

Among his comments, the British singer said, "By extending PEPFAR for another five years and fully funding it, together, we can continue the march toward ending AIDS for everyone everywhere and leave no one behind."

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In a Senate Judiciary Committee hearing, several Democratic senators along with Sen. Lindsey Graham (R-S.C.) criticized the Department of Defense for not sharing intelligence with the International Criminal Court (ICC), which is investigating Russian war crimes. 

Congress passed a law last year allowing the government to share Ukraine war intelligence with the ICC. "The U.S. is not a party to the court due to concerns related to Americans being prosecuted for war crimes," The Hill's Nick Robertson wrote.

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And in a House Homeland Security Committee hearing, where Homeland Security Secretary Alejandro Mayorkas faced familiar harsh criticisms from Republicans about the border situation, the topic of focus eventually turned to civility.

After Rep. Marjorie Taylor Greene (R-Ga.) lost speaking privileges for calling Mayorkas a liar, Committee Chairman Mark Green (R-Tenn.) said there's a "need to dial the rhetoric down in the country and apparently in the committee."

Read more about the hearing here

The Supreme Court extended its stay on a lower court's ruling about access to mifepristone, a commonly used abortion pill, through Friday as it decides whether to implement a longer stay. 

The decision means that, for now, access to the drug will remain unchanged. A recent 5th U.S. Circuit Court of Appeals ruling would have rolled back changes made in recent years to expand access to mifepristone.

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Sen. John Fetterman (D-Pa.), who this week returned to the Senate after being treated for depression, urged others to get help in an interview with People Magazine. "I was skeptical it would make anything better, but it did. It works. And I’m so grateful," he said.

The bipartisan Problem Solvers Caucus released a debt ceiling framework proposing "a suspension of the debt limit through the end of the calendar year — to stave off a government default while Congress negotiates its 2024 budget — and the creation of an outside commission designed to rein in deficit spending and reduce the country’s $31.5 trillion debt over the long haul," The Hill's Mike Lillis wrote.

The Department of Health and Human Services announced a program designed to ensure people without insurance have access to COVID-19 vaccines and treatments after the national public health emergency declaration ends. Read more here

"Will Biden’s zigzag strategy work?" — Keith Naughton, Ph.D., co-founder of Silent Majority Strategies and a former Pennsylvania political campaign consultant. (Read here)

"Permitting reform can cut consumer energy costs and emissions" — Elan Sykes, energy policy analyst at the Progress Policy Institute (PPI), and Paul Bledsoe, PPI’s strategic adviser. (Read here)

566 days until the presidential election.

10 a.m.: The Senate Health, Education, Labor and Pensions (HELP) Committee holds a hearing on the nomination of Julie Su for secretary of Labor.

There a story you think should be getting more attention? Something people should be talking about? Drop me a line: ALaTour@thehill.com

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