GOP Mulls Short Term Extension of Debt Ceiling

House Budget Chairman Paul Ryan (R-WI) told the Wall Street Journal that Republicans “are discussing whether to support a short-term increase in the nation’s borrowing authority, possibly linking the debt ceiling to future talks aimed at reaching a major deficit deal.”

“Ryan said no decisions have been made about how to approach the debt and spending negotiations, but that leaders hope House Republicans will reach consensus on a strategy by the end of the week.”

The Hill: “With the GOP divided and coming off a losing election and a frustrating
lame-duck session of Congress, party leaders have moved to scale back
expectations for members on what they can achieve in the face of a
popular Democratic president and larger Democratic majority in the
Senate.”