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House Republicans seek vote to extend debt limit to May 19

Such measures would not specify a new dollar amount, but to allow the government to borrow the extended period to perform its obligations, according to published on Monday by the legislative language.
The proposed expansion is a strategic measure, by house republicans wince other financial won't risk devastating American debt default period, from a in the federal debt ceiling struggle, and their requirements.
The cut-off date of March 1, launch of the automatic cutting spending and March 27 due funds for government agencies and scheme.
The United States is expected to the ministry of finance, and the power of the existing, borrow money, and now at $16.4 trillion, and sometimes in the middle of February and march between early.
The change of strategy, and last week agreed to by house republicans in Virginia Williamsburg, in retreat, the purpose is to draw the democratic-controlled senate to take action to reduce the deficit, the requirements on April 15, through a budget resolution.
According to the proposed legislation, if the house of representatives or the senate failed to reach 15 April budget period, lawmakers wages will be detained under the measures, until their room through a budget. If there is no through, they will eventually get paid, but until January 15,.
In the last four years, the senate passed a budget, draw the republican complaints points out, do not wish to make hard decisions, reform the expensive government health care plan.
There are also some room for manoeuvre extended to May 19, because the Treasury will be able to replenish its source emergency lending ability. This may allow it to keep lending six to eight weeks, TuiBei final liquidation of the day, maybe in the middle of July.
The Democrats were sceptical
Senior democratic republican plan doubt.
Assistant to the Illinois senate democratic leader Richard durbin said, short-term debt limit expansion will keep business investment plan, languishing uncertainty.
Durbin said: "I hope they don't play the game of the debt ceiling,".
, the other members of the senate democratic leader, senator Charles Schumer (Charles Schumer) said on Sunday, the senate will through the budget, but it contains more income increase.
In the past two years, every year, the house republican budget only rely on deep cuts in spending allowance plan, such as medicare and medicaid narrow deficit.
Obama has been reluctant to make cuts from these programs. In his inaugural address, he emphasized the value of yourself, say they "don't weaken our initiative, they strengthened us."



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