White House Press Secretary Robert Gibbs told reporters this afternoon that President Obama will sign a bill raising the debt ceiling and instituting PAYGO today.
Gibbs did not say whether the signing would be open to the press.
The legislation will raise the government’s debt limit $1.9 trillion, to $14.3 trillion. It also re-institutes PAYGO, which requires that all legislation be paid for, either through tax increases or spending cuts.
