White House Endorses Short Debt-Limit Increase

“The White House endorsed a short debt-limit increase with no policy conditions attached, signaling potential support for House Republicans’ plan for a monthlong reprieve from a default. The proposal today by House Speaker John Boehner wouldn’t end the 10-day-old partial shutdown of the federal government. The plan would push the lapse of U.S. borrowing authority to Nov. 22 from Oct. 17,” a Bloomberg.com article wrote today. The article continued, “Jay Carney, the White House press secretary, said today that President Barack Obama would support a short increase in the U.S. debt limit with no “partisan strings attached,” though he prefers a longer extension. House Republicans haven’t specified what they plan to tie to the measure and Carney said the White House would need to see a bill before accepting it.” Read the full article here.

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