OBAMA PRESIDENCY & THE 113TH CONGRESS:
House passes Republican plan to extend debt limit to May 19
U.S. House Speaker John Boehner (R-OH) (C) and House Majority Leader Eric Cantor (R-VA) (L) arrive at a news conference on the ”fiscal cliff” on Capitol Hill in Washington, December 21, 2012.
Credit: Reuters/Yuri Gripas
The House of Representatives on Wednesday passed an extension of borrowing authority under the federal debt limit to May 19, putting the Republican plan on a fast track to enactment after top Senate Democrats endorsed it.
The 285-144 vote in the House fell largely along party lines, with many Democrats objecting to the short-term nature of the extension….READ MORE