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House Approves Short-term Suspension of US Debt Ceilingi
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January 24, 2013 12:13 AM
The US House of Representatives voted to delay a potential debt default Wednesday by approving a bill that would allow Washington to keep borrowing to pay its expenses for the next four months. Republicans hope passage of the short term debt ceiling bill will give both parties time to reach a compromise on spending cuts. But as Mil Arcega reports some Democrats say it does nothing to fix long term fiscal issues facing the United States.

House Approves Short-term Suspension of US Debt Ceiling

Published January 23, 2013

The US House of Representatives voted to delay a potential debt default Wednesday by approving a bill that would allow Washington to keep borrowing to pay its expenses for the next four months. Republicans hope passage of the short term debt ceiling bill will give both parties time to reach a compromise on spending cuts. But as Mil Arcega reports some Democrats say it does nothing to fix long term fiscal issues facing the United States.