House Republicans have released their plan to avert a debt ceiling breach, demanding that Senate Democrats pass a budget in exchange for a three-month debt ceiling increase.
“Before there is any long-term debt limit increase, a budget should be passed that cuts spending. The Democratic-controlled Senate has failed to pass a budget for four years. That is a shameful run that needs to end, this year,” House Speaker John Boehner (R-Ohio) said in a statement Friday.
“We are going to pursue strategies that will obligate the Senate to finally join the House in confronting the government’s spending problem. The principle is simple: no budget, no pay.”
Boehner and House Republicans will introduce a bill next week raising the debt ceiling for approximately three months. In exchange for a long-term increase, the Senate must pass a budget. If the Senate does not pass a budget during that time period, the House will block members of both houses from receiving a salary.
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