By Robert Schroeder, MarketWatch
WASHINGTON (MarketWatch) — House Republicans next week will take up a bill to raise the U.S. debt ceiling for three months in an attempt to push the deadline to mid-April and force the Senate to pass a budget, Majority Leader Eric Cantor said Friday.
The U.S. is on track to run out of borrowing ability in mid-February or March, according to the Treasury Department, and a three-month bill if passed in the House and Senate would get the country safely past that time.
Senate Majority Leader Harry Reid, a Nevada Democrat, said his chamber will be happy to consider a “clean debt ceiling increase.”
White House press secretary Jay Carney echoed that remark, saying Congress should “pass a clean debt-limit increase without further delay.” He didn’t say if President Barack Obama would oppose a short-term increase…More
Categories: GOP News