House Votes on Bill to Extend Debt Ceiling - KTVN Channel 2 - Reno Tahoe News Weather, Video -

House Votes on Bill to Extend Debt Ceiling

Posted: Updated:

Wednesday the House of Representatives passed a bill that buys the country another four months before it risks default.  

The bill will suspend the debt limit until May, but if the Senate doesn't draft a budget it will prevent them from getting paid. 

The White House has already promised to sign it and Senate leadership says it will vote on the bill and pass a budget. 

The White House and House Republicans will now have to turn to the fight over looming automatic spending cuts that the fiscal cliff deal pushed back to March.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.