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January 22, 2013


House GOP Proposes to Ignore Debt Ceiling

House Republicans plan to vote on Wednesday not to raise the federal debt limit -- but to ignore it altogether -- at least until May 18, the Washington Post reports.

"The House plans to vote Wednesday on a measure that would leave the $16.4 trillion debt limit intact, but declares it 'shall not apply' from the date the measure passes until mid-May. This approach -- novel in modern times -- would let Republicans avoid a potentially disastrous fight over the debt limit without actually voting to let the Treasury borrow more money."












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