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Economy
In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 23 January 2013 [View all]xchrom
(108,903 posts)20. Obama Will Not Block Debt Limit Bill
http://www.voanews.com/content/obama-will-not-block-debt-limit-bill/1589078.html
WHITE HOUSE The Obama administration is welcoming Republican lawmakers decision not to withhold an extension of the nations borrowing limit. Republicans had threatened to allow the United States to default on its obligations if government spending were not sharply cut.
White House officials say the decision by Republicans in the House of Representatives to defuse the situation was significant. Press secretary Jay Carney Tuesday praised the move.
The House Republicans made a decision to back away from the kind of brinksmanship that was very concerning to the markets, very concerning to business, very concerning to the American people," said Carney.
Instead of tying the debt ceiling to spending cuts, House leaders plan a vote Wednesday to raise the governments spending limit through May 18.
WHITE HOUSE The Obama administration is welcoming Republican lawmakers decision not to withhold an extension of the nations borrowing limit. Republicans had threatened to allow the United States to default on its obligations if government spending were not sharply cut.
White House officials say the decision by Republicans in the House of Representatives to defuse the situation was significant. Press secretary Jay Carney Tuesday praised the move.
The House Republicans made a decision to back away from the kind of brinksmanship that was very concerning to the markets, very concerning to business, very concerning to the American people," said Carney.
Instead of tying the debt ceiling to spending cuts, House leaders plan a vote Wednesday to raise the governments spending limit through May 18.
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