W.H. wouldn't block short-term debt-limit hike

The White House on Tuesday afternoon released a “statement of administration policy” indicating that it would not block H.R. 325 because it lifts "the immediate threat of default and indicates that congressional Republicans have backed off an insistence on holding the Nation's economy hostage to extract drastic cuts in Medicare, education, and other programs that middle-class families depend on.”

“For these reasons, the Administration would not oppose a short-term solution to the debt limit and looks forward to continuing to work with both the House and the Senate to increase certainty and stability for the economy.”


The White House is referring to a bill introduced on Monday by House Republicans – which is slated for a vote on Wednesday – that would suspend the debt ceiling until May 19, allowing the president to borrow the needed money until that time.

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Debt Ceiling