The U.S. House of Representatives voted to lift the debt ceiling for three months, kicking the can down the road until May.
The vote was 285 to 144; all of Arkansas's congressional delegation (even Cotton) voted with the majority.
The measure requires that if lawmakers in either of the chambers of Congress fail to pass a budget bill by April 15, their pay will be blocked. (The pay would go into escrow, Boehner explained this morning on NPR).
From the New York Times article:
“The good news is that our Republican colleagues finally recognized that America must pay its bill and meet its financial obligations without conditions,” said Representative Chris Van Hollen, Democrat of Maryland. “The bad news is they only want to do it for three months.”
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