House GOP Will Propose Temporary Debt Ceiling Increase


House Republican leadership announced Thursday that it would introduce legislation for a temporary debt-limit increase in exchange for talks over the federal budget.

“What we have discussed as a conference is a temporary extension of the debt ceiling,” Speaker John Boehner told reporters, “in exchange for a real commitment by this president and the Senate majority leader to sit down and talk about the pressing problems that are facing all the American people, and that includes a broad array of issues.”