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Republicans looking for a path forward on the debt ceiling

REUTERS/Larry Downing
House Speaker John Boehner hasn’t ruled out a clean debt ceiling increase.
  • In August 2011, after months of discussion and debate, Congress instituted the Budget Control Act, which raised the debt ceiling through the end of 2012, cut $900 billion over 10 years and mandated that either Congress find an additional $1.2 trillion in savings or a series of automatic cuts would take effect. Lawmakers failed their follow-up task, and the widely panned “sequestration” cuts kicked in.
  • Last February, Republicans agreed to raise the debt limit in exchange for language requiring both the House and Senate to pass budget resolutions or go without pay. Lawmakers passed their budgets, received their pay, and the so-called “No Budget No Pay” Act effectively raised the debt ceiling through fall …
  • …When a three-month increase was included in the bill ending the government shutdown in October.

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Comments (4)

  1. Submitted by Steve Hoffman on 02/10/2014 - 01:42 pm.

    Bias?

    The GOP has never had a problem raising the debt ceiling for Republican presidents. For them to pretend that this is now something to agonize over is disingenuous and hypocritical. Fortunately, their “cover” has worn very thin from overuse, and people aren’t buying it anymore.

    • Submitted by Jim Halonen on 02/10/2014 - 02:43 pm.

      You have just identified the reason the Tea Party came into being. Enough people tired of have the two major parties singing the same song.

      • Submitted by Robert Gauthier on 02/11/2014 - 09:17 am.

        And that song is…..

        Paying your bills. This is not some form of patriotism, it is narcissism of people who think they know everything and do not want information to intrude on their cozy little world.

      • Submitted by jason myron on 02/11/2014 - 01:00 pm.

        What tune would that be?

        Possibly “They’re coming to take me away?”

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