Deficit Reduction, House Republicans | featured news

House G.O.P. Agrees to Lift Debt Ceiling for 3 Months

John Boehner

Backing down from their hard-line stance, House Republicans said Friday that they would agree to lift the federal government’s statutory borrowing limit for three months, with a requirement that both chambers of Congress pass a budget in that time to clear the way for negotiations on long-term deficit reduction.

 

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