cbs4 My 33 Header Logo

Politics

House Passes Short-Term Debt Limit Deal

View Comments
(Source: CBS4)

(Source: CBS4)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Legislative Session Coverage

WASHINGTON D.C. (CBSMiami/CBSNews) – The Republican-led House today passed a bill to “suspend” the nation’s debt limit until May, which if passed by the Senate and signed into law, would stave off for a few months the risk of letting the U.S. government default on its loans.

The GOP-crafted legislation also requires both chambers of Congress to either pass a budget or have their salary withheld — a move that Republicans say puts the nation on a path toward fiscal responsibility and positions them better for the looming fiscal fights. House Democrats, meanwhile, grumbled that the short-term bill amounts to political gimmickry that keeps Washington in crisis mode. Still, some Democrats argued the GOP bill reveals that Republicans are at a disadvantage in the debate over the debt limit.

The “No budget, no pay” bill passed 285 to 144, with most Democrats voting against it.

Click Here for more of the article.

(TM and © Copyright 2013 CBS News Inc. and its relevant subsidiaries. CBS NEWS and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,469 other followers