House Republicans Move To Avert Debt Crisis...For A While
The 10-day-old government shut down and the need to raise the federal debt limit next week have been tied together as a single political crisis. But now, House Republicans seem ready to cleave the debt ceiling debate. Economists of all stripes say breaching the debt ceiling could be catastrophic, and on Thursday, House Speaker John Boehner said he is prepared to support a bill to raise the debt ceiling for six weeks if the president will agree to negotiations on long-term deficit reduction. None of this has anything to do with the initial fight to repeal or delay the Affordable Care Act, but may be a start toward resolution.