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White House open to short-term hike in debt limit

DrawThe_Line Wrote: Oct 07, 2013 7:48 PM
And have Slow Joe in charge? Not the best option...

WASHINGTON (AP) — Senate Democrats are drafting legislation to raise the nation's debt limit without the type of unrelated conditions that Republicans have said they intend to demand, officials said Monday, as the White House signaled it would accept even a brief extension in borrowing authority to prevent an unprecedented default.

The details of the emerging measure were unclear, and it was not known when it would be unveiled.

Republicans have said they will seek long-term deficit cuts or reforms to benefit programs and perhaps a wholesale rollback in environmental rules as the price for raising the current $16.7 trillion debt limit. President...