US House passes debt ceiling extension bill
Updated: 2013-01-24 04:02
(Xinhua)
|
||||||||
WASHINGTON - The US House of Representatives on Wednesday passed a bill to extend the debt limit through the middle of May.
The bill, which cleared the House by a 285-144 vote, would suspend the debt ceiling until May 19, allowing the federal government to issue debt and pay bills.
The measure, initiated by the House Republicans, will temporarily defuse the default crisis, and at the same time set a timeline for the next phase of budget wrangling.
Senate Democratic Leader Harry Reid said the chamber would immediately move to advance the legislation to the White House, and the White House has indicated it won't block the bill.
Related readings:
Foreign holdings of US debt rise to record high in NovemberLi Na on Time cover, makes influential 100 list
FBI releases photos of 2 Boston bombings suspects
World's wackiest hairstyles
Sandstorms strike Northwest China
Never-seen photos of Madonna on display
H7N9 outbreak linked to waterfowl migration
Dozens feared dead in Texas plant blast
Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
![]()
|
![]()
|
![]()
|
![]()
|
![]()
|
![]()
|
Today's Top News
Live report: 7.0-magnitude quake hits Sichuan, heavy casualties feared
Boston suspect cornered on boat
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
![]()
|
![]()
|