In response to:

Republicans Set to Vote on Debt Ceiling Legislation Tomorrow

jswanson635 Wrote: Jan 22, 2013 5:39 PM
Great news for investors. Now what about the jobless?
Bufa Wrote: Jan 22, 2013 6:03 PM
The 15 million new food stamp users will be so happy to hear this news.
Following the House GOP retreat last week, reports leaked that Republican leadership would bring a debt ceiling hike to the floor of the House. It's happening soon - text of the legislation is out now and the House could vote on it as soon as tomorrow.

THe legislation wouldn't quite constitute a debt ceiling "hike." What it would do, instead, is declare the statutory debt limit shall not apply" until May 18. And, as Suzy Khimm details, "the debt limit would automatically be increased to account for borrowing that occurred during that period." What number that...

Related Tags: Debt Ceiling John boehner