House Passes Debt Ceiling Bill
The House on Wednesday passed the "No Budget, No Pay Act," a Republican bill that would effectively defuse the debt ceiling threat for several months.
The bill would let the Treasury Department borrow new money until mid-May. In exchange, the legislation would require lawmakers in both chambers of Congress to pass a budget resolution or have their pay withheld until they do.
The vote was 285 to 144, largely on the back of Republican support.
Source: CNNMoney. Read full article. (link)
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