House OKs suspension of debt limit for a year


The House has authorized a one-year extension to the government's borrowing authority - until March 16, 2015 - without any conditions by a vote of 221-201.

There had been plans to link the debt-cap vote to restoring cuts to military pensions, but the Republican leadership dropped its demands in order to keep the political focus on Obamacare. Instead, the proposal was added onto a measure renaming an air traffic control center in Nashua in New Hampshire, of all things.

The measure now needs to be approved in the Senate, which has until the end of the month before the government runs out of money.

Comments (4)
  • Moon Kil Woong
    , contributor
    Comments (13383) | Send Message
     
    More government spending = stock market euphoria for a few days. The issue is whether or not the euphoria will even last a week.
    12 Feb 2014, 05:46 AM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
     
    kick the can again
    12 Feb 2014, 06:02 AM Reply Like
  • june1234
    , contributor
    Comments (4357) | Send Message
     
    Gods of reelection have spoken. just make it official, finally, now they can move on to the next topic . Venezuela maybe?
    12 Feb 2014, 06:16 AM Reply Like
  • caupachow
    , contributor
    Comments (524) | Send Message
     
    Gonna be epic when this experiment ends.
    12 Feb 2014, 07:04 AM Reply Like
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