House Debt Ceiling Vote, 'No Budget No Pay' - Business Insider

House Republicans will move to vote today on a temporary suspension of the debt ceiling that would, in effect, ignore the nation's borrowing limit until May 18.

The legislation also attaches a provision aimed at forcing Senate Democrats to take up a budget for the first time in four years. If they do not, a "no budget, no pay" provision would withhold pay for members.?

The GOP plan is something of a retreat from previous positions, as Republicans found themselves in a virtual no-win situation by attempting to use the debt ceiling as leverage to force spending cuts from President Barack Obama and other Democrats. During the 2011 debt-ceiling debate, Boehner established the rule in his namesake that said every dollar increase in the debt ceiling had to be accompanied by a corresponding amount of spending cuts.

Thus far, this vote doesn't look to be another "Plan B" situation, which Boehner pulled from the floor last month during the fiscal cliff debate after dissent from conservative members of the party. Club for Growth, a conservative grassroots organization, said yesterday that it would not oppose the bill. The White House also said yesterday that it would not oppose it, clearing the way for Obama to sign it if it gets to his desk.

We'll be covering developments on the vote throughout the day. Check back here for updates.

Source: http://www.businessinsider.com/house-debt-ceiling-vote-no-budget-no-pay-2013-1

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