phill4paul
01-23-2013, 12:44 PM
House approves short-term debt ceiling fix, measure goes to Senate
Published January 23, 2013
FoxNews.com
WASHINGTON – The House voted Wednesday for a short-term debt ceiling fix that would extend the country’s borrowing authority until May – while also applying a controversial provision that would suspend lawmakers’ pay if they don’t pass a budget by April.
The bill passed on a 285-144 vote. The measure, if approved by the Senate, would buy lawmakers some breathing room to hammer out details for a more permanent solution.
The White House said it would sign the bill if it cleared Congress. Senate Democratic Leader Harry Reid indicated his caucus would accept the bill as is – though on the House side, Democratic Leader Nancy Pelosi announced she was opposing it.
The move lifts the immediate threat of the country going into default but does little to address the larger issue.
Read more: http://www.foxnews.com/politics/2013/01/23/house-votes-debt-ceiling/#ixzz2IpFySNju
Published January 23, 2013
FoxNews.com
WASHINGTON – The House voted Wednesday for a short-term debt ceiling fix that would extend the country’s borrowing authority until May – while also applying a controversial provision that would suspend lawmakers’ pay if they don’t pass a budget by April.
The bill passed on a 285-144 vote. The measure, if approved by the Senate, would buy lawmakers some breathing room to hammer out details for a more permanent solution.
The White House said it would sign the bill if it cleared Congress. Senate Democratic Leader Harry Reid indicated his caucus would accept the bill as is – though on the House side, Democratic Leader Nancy Pelosi announced she was opposing it.
The move lifts the immediate threat of the country going into default but does little to address the larger issue.
Read more: http://www.foxnews.com/politics/2013/01/23/house-votes-debt-ceiling/#ixzz2IpFySNju