WATCH: House Budget committee hearing on the need to abolish the debt limit

The House Budget committee held a hearing Wednesday on the need to abolish the debt limit.

Watch the hearing in the player above.

Democrats and Republicans finally agreed on a framework for overall defense and domestic spending for this year, top lawmakers said last week, opening the door to work on bills detailing how the government will spend well above $1 trillion on everything from Army tanks to veterans hospitals.

House and Senate bargainers did not reveal details of their accord, or even explicitly say they’d agreed to specific dollar figures. They’ve been trying for months to reach agreement on how to divide up the money, with Republicans pushing defense and Democrats championing domestic programs.