Thursday, October 10, 2013 10:26:03 AM
National News Alert
House leaders present plan for short-term debt ceiling increase
Speaker John Boehner and other House GOP leaders are pushing a short-term increase in the debt limit, without any conservative strings attached, so that jittery financial markets would rest more easy, according to senior GOP advisers. The plan is being presented at a 10 a.m. huddle of the House GOP caucus in the Capitol basement, and if it goes over well with rank-and-file Republicans, Speaker John A. Boehner (R-Ohio) could put the legislation on the floor for a vote late Thursday.
Financial markets soared on the first sign of optimistic news out of Washington in almost a month, with the Dow Jones Industrial Average up 169 points in the first 15 minutes of trading. The emerging plan would not deal with the now 10-day shutdown of the federal government, an issue that would move onto a separate track of talks.
Read more at:
http://www.washingtonpost.com/politics/lew-tells-senate-panel-debt-default-would-force-perilous-choices-on-economy/2013/10/10/5c1f648c-31a5-11e3-9c68-1cf643210300_story.html?hpid=z1
