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debt ceiling 2013

debt ceiling 2013

Rep. Bill Pascrell (D) speaks about debt ceiling extension on House floor
Rep. Bill Pascrell (D) speaks about debt ceiling extension on House floor (CSPAN)
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House Passes Bill To Defuse Debt Crisis

The House has passed a bill to permit the government to borrow enough money to avoid a first avoid default for at least four months, defusing a crisis looming next month and setting the stage for a springtime debate over taxes, spending and the deficit.

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US Capitol building
US Capitol building (Drew Angerer/Getty Images)
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House To Vote Wednesday On Raise In Debt Limit

Republican officials say the House will vote Wednesday on an increase in the nation's debt limit, a move designed to prevent a first-ever government default.

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Newt Gingrich
Newt Gingrich (Sean Gardner, Getty Images)
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Gingrich: GOP Unwise To Pick Fight On Debt Limit

Former House Speaker Newt Gingrich says House Republicans are making a mistake by using the issue of increasing the borrowing limit to challenge President Barack Obama on spending issues.

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