House Republicans on Friday night released H.R. 1, the spending bill for the remainder of fiscal year 2011. The House Rules Committee will meet on Monday at 5 p.m. in order to consider this bill, and also to consider an oversight plan for the Rules Committee.

House Majority Leader Eric Cantor (R-Va.) said the House would begin debate on the bill on Tuesday.

The House Appropriations Committee said the bill contains the $100 billion in cuts that many House Republicans wanted, and that the bill is the first step to further cutting. The committee provided a summary of the sweeping cuts on their homepage tonight.