Today the Senate is expected to proceed on HR 325, the House-passed “No Budget, No Pay Act of 2013” that would raise the debt ceiling through May while also making the payout of congressional salary contingent upon approval of a budget resolution in each chamber. The measure that passed the House earlier this month would suspend enforcement of the federal borrowing limit until May 18th and then raise the debt limit the following day to the debt accumulated to that point. The bill the House approved did not include cuts in exchange for the extension as House GOP members had previously demanded. The Senate is expected to approve the measure, although it may be amended and sent back to the House for approval.
January 31, 2013