(Source: The Hill, January 23, 2013)
WASHINGTON, D.C. — The Senate will immediately pass a House bill to extend the federal debt limit to May 19 on condition that both chambers pass budget resolutions by mid-April, according to Senate Majority Leader Harry Reid (D-Nev.). The House passed its debt-limit extension bill Wednesday, 285-144.
Senate Democratic leaders on Wednesday proclaimed victory in the long-running battle over the debt ceiling and described House Republicans as being in “full-on retreat” on fiscal policy.
Full story: The Hill