Debt & Taxes
Temporary Debt Ceiling Deal Gains Momentum
Tuesday, January 22, 2013 - 4:29pm
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TEMPORARY DEBT CEILING DEAL GAINS MOMENTUM    The House GOP’s plan to suspend the debt ceiling until May 19 is gaining momentum after White House Press Secretary Jay Carney today said the president would sign the bill into law if it can get through Congress. The bill was introduced by GOP leaders Monday and is expected to pass the House tomorrow. If approved, the bill would prolong the ongoing battle over the nation's finances by a few extra months.  -  Read more at The Fiscal Times

CONSERVATIVE GROUPS SUPPORT GOP PLAN    The Club for Growth, an influential conservative superPac that has opposed short-term fixes to the debt in the past, said Tuesday that it would not stand in the way of the House GOP measure that temporarily suspends the debt limit. However, the group warned that they will likely be a player in other fiscal fights to come. The Club's President Chris Chocola, said in a statement that the Club will “strongly oppose any efforts during the upcoming debate over the continuing resolution and sequester that fail to arrest out-of-control spending and put sensible limits on the growth of government.” -  Read more at The Hill

Washington Correspondent Brianna Ehley, based in D.C., covers Congress, government agencies and spending issues, health care, and tax and economic policy for The Fiscal Times.