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Republicans consider short-term U.S. debt ceiling increase

Posted By kurtnimmoadmin On October 10, 2013 @ 9:29 am In Economic Crisis,Old Infowars Posts Style,Tile | Comments Disabled

October 10, 2013

U.S. House of Representatives Republicans are considering signing on to a short-term increase in the government’s borrowing authority to buy time for negotiations on broader policy measures, according to a Republican leadership aide.

How long the increase might suffice – a few weeks or a few months – was unclear. But agreement by Republicans and Democrats to raise the debt ceiling would at least stave off a possible default after October 17, when Treasury Secretary Jack Lew has determined the government will no longer be able to borrow.

President Barack Obama has said he would accept a debt ceiling increase of limited duration as long as no strings were attached, except perhaps a non-binding agreement to discuss policy issues.

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