GOP Mulls Short Term Extension of Debt Ceiling

January 17, 2013

House Budget Chairman Paul Ryan (R-WI) told the Wall Street Journal that Republicans "are discussing whether to support a short-term increase in the nation's borrowing authority, possibly linking the debt ceiling to future talks aimed at reaching a major deficit deal."

"Ryan said no decisions have been made about how to approach the debt and spending negotiations, but that leaders hope House Republicans will reach consensus on a strategy by the end of the week."

The Hill: "With the GOP divided and coming off a losing election and a frustrating lame-duck session of Congress, party leaders have moved to scale back expectations for members on what they can achieve in the face of a popular Democratic president and larger Democratic majority in the Senate."

Source: http://feedproxy.google.com/~r/PoliticalWire/~3/1YV0izCDlu4/gop_mulls_short_term_extension_of_debt_ceiling.html

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