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Short-Term Debt Ceiling Extended

The House of Representatives in a bipartisan vote extended the debt limit through May 18.

The House of Representatives in a bipartisan vote extended the debt limit through May 18. The bill, known as the “No Budget, No Pay” bill, would withhold members of Congress salaries if either the House of Representatives or the Senate fail to pass a budget. The Senate is expected to pass the bill next week and President Barrack Obama has indicated he will sign it.

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