Update at 1:25 p.m. ET: By a vote of 285-144, the House just passed a Republican plan that postpones for three months the federal government’s next bump up against the so-called debt ceiling.
As we said earlier, the measure would head off another big battle over raising the government’s borrowing authority — such as the one in 2011 that almost led to a government shutdown.
Leaders in the Democratic-controlled Senate have said they will support the plan. So has the White House…More