Breaking: House passes bill to defuse debt ceiling
January 23rd, 2013
01:28 PM ET
2 years ago

Breaking: House passes bill to defuse debt ceiling

New York (CNNMoney) - The House on Wednesday passed the "No Budget, No Pay Act," a Republican bill that would effectively defuse the debt ceiling threat for several months.

The bill would let the Treasury Department borrow new money until mid-May. In exchange, the legislation would require lawmakers in both chambers of Congress to pass a budget resolution or have their pay withheld until they do.

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Filed under: CNNMoney.com • Debt • Deficit • House
soundoff (55 Responses)
  1. Rudy NYC

    How can the Senate possibly pass a budget when the Republicans keep filibustering them? This House vote is just simple tactical grandstanding. What is it that they are really getting done? When you consider how many bills the last House passed (a record low) and how many days they were in session (another record low) the should have their salares cut in half.

    January 23, 2013 12:25 pm at 12:25 pm |
  2. Name lynn

    If they borrow money, let the white house leaders an them republcians an boehner pay the fiscal budget money back out of their pockets. Obama is trying hard not to borrow money an cuts into money if he doesnt have to.

    January 23, 2013 12:29 pm at 12:29 pm |
  3. Wake up People!

    It's going to be a long 4 years......

    January 23, 2013 12:39 pm at 12:39 pm |
  4. Fair is Fair

    "Obama is trying hard not to borrow money an cuts into money if he doesnt have to."
    -------
    Under his watch, over $6 TRILLION has been borrowed. He's not trying hard enough, obviously.

    January 23, 2013 12:39 pm at 12:39 pm |
  5. anonoymous

    Maybe now we can get some cooperartion out of these lawmakers. the bill should read no compromise no pay.

    January 23, 2013 12:43 pm at 12:43 pm |
  6. Woman In California

    The headline should read: More Wasted Time By The House shouldn't it?

    January 23, 2013 12:46 pm at 12:46 pm |
  7. ST

    Wow! No budget, no pay!!! laughable. Is there any senator who depends from one check to the other?? And what about themselves (republicans) receiving payment by voting "NO" all the time. Is that what they were sent to do and get paid???

    January 23, 2013 12:47 pm at 12:47 pm |
  8. Sniffit

    "What is it that they are really getting done?"

    Violating the Twenty-Seventh Amendment and creating precedent that essentially says that wealthy congresscritters, who can afford to go without the paycheck, shoudl be allowed to create financial pressure on the less wealthy congresscritters, who can't afford to go without the paycheck, to vote as they're told.

    January 23, 2013 12:50 pm at 12:50 pm |
  9. Rudy NYC

    Fair is Fair wrote:

    Under his watch, over $6 TRILLION has been borrowed. He's not trying hard enough, obviously.
    -------------------------
    Yeah, that was the hand that he was dealt. Republicans have not allowed much in the way of increased spending over the last four years. In fact, we've had the Budget Control Act, which cut something like what....a trillion dollars over a decade?

    But, Pres. Obama also campaigned on a budget plan that was to have balanced the annual budget in a decade. Meanwhile, Republicans have been really big the Ryan Plan, which Paul admits would not balance the annual budget for at least 3 decades.

    It seems that the Republicans are trying far, far less than Barack Obama.

    January 23, 2013 12:52 pm at 12:52 pm |
  10. S.B. Stein E.B. NJ

    If it were to be significant, then there would be no pay for all the members of Congress (all 535) and the staff of each office and the committees. We'd find that the staff would either be leaving in droves forcing the actual member of Congress to do the work themselves or there would be a massive set of talks getting everything done by the staff.

    January 23, 2013 12:53 pm at 12:53 pm |
  11. Donna

    Finally, something is being done to force Democrats to perform their duties and follow the laws of this country. But stopping the pay checks isn't enough for many of these millionaires. If they refuse to do their jobs and follow the laws of the country, they should be EXPELLED. They are violating their oath of office. This especially applies to Harry Reid.

    January 23, 2013 01:06 pm at 1:06 pm |
  12. rs

    Fair is Fair

    "Obama is trying hard not to borrow money an cuts into money if he doesnt have to."
    ---
    Under his watch, over $6 TRILLION has been borrowed. He's not trying hard enough, obviously.
    ______________________________________
    Yes, but $10 trillion of the Debt. is directly attributable to the Bush Administration's "Cut Taxes and Spend" economic policy.

    The FACTS (ever so inconvenient) are: Federal spending is down (as is the defict) under President Obama, and the House still hasn't produced a realistic budget (i.e. one that doesn't attack Social Security, Medicare, etc.). The GOP and it's wasteoid membership is incapable of any sort of leadership. All they do is play the game.

    January 23, 2013 01:28 pm at 1:28 pm |
  13. just sayin

    Rudy NYC
    How can the Senate possibly pass a budget when the Republicans keep filibustering them?
    -–

    fiscal matters only need 51 votes. you know that. democrats could have passed a budget anytme they wanted. they just don't want to. then everybody can plainly see how all the taxpayers money is being wasted.

    January 23, 2013 01:30 pm at 1:30 pm |
  14. Lisa P.

    And the House GOP's meaningless gimmicks and shenanigans continue...

    January 23, 2013 01:31 pm at 1:31 pm |
  15. amieeholv

    That's good. If I knew my pay was being withheld because of something I didn't do, I would make sure I would do it and get my paycheck. Simple and good thinking.

    January 23, 2013 01:36 pm at 1:36 pm |
  16. Not_an_Idiot

    Donna, do you realize that the MOST filibusters in the recorded history of Congress occurred under a REPUBLICAN minority in the Senate? I agree that a budget should be passed, but you can't blame the Democrats alone. While there have been times when Reid hasn't brought a budget to the floor for a vote, there have also been times where a budget WAS brought to votes and was filibustered. And hasn't the Republican party been the ones to say "no" to virtually ANYTHING President Obama wants to try and get passed? I'm certainly not absolving the Democrats of blame, but for you to be so blinded/brainwashed that you would lay ALL BLAME at their feet is truely astounding.

    January 23, 2013 01:36 pm at 1:36 pm |
  17. Sueb

    They can vote on it all they want, according to the 27th amendment to the constitution, it is not constitutional to increase or reduce Congress' pay until an election of the House of Representatives intervenes...meaning it could not take effect until 2014. By the way, I will be extremely disappointed if the White House doesn't veto the short term raising of the debt ceiling. What happened to no negotiating on the debt ceiling?

    January 23, 2013 01:38 pm at 1:38 pm |
  18. PaulCat

    WOW, does the GOP get brownie points?

    They are already rich. They can go 10 years or more without getting paid and never miss a meal.

    January 23, 2013 01:43 pm at 1:43 pm |
  19. Not_an_Idiot

    Because this bill gives congress the time to come to a "grand bargain" so to speak on the debt ceiling and spending cuts. If a budget is passed, then there won't need to be a seperate vote on the debt ceiling again because it would be part of the budget. If President Obama vetoes this bill, it would shift the blame to him for not getting something done so that would be silly for him to do. Pass it, and the onus stays on the congress to come to an agreement that benefits everybody.

    January 23, 2013 01:48 pm at 1:48 pm |
  20. Tony D

    Lisa P. - And the House GOP's meaningless gimmicks and shenanigans continue...
    --

    Expecting other elected officials to perform their duties as required under the law is "shenanigans"??? Sorry, the Democrats have been doing for the last 4 years is shenanigans that violate their oath of office. Harry Reid should have been expelled years ago for violating the law. But the Democrats and Obama have always picked and chosen what laws they wish to follow and what laws they think don't apply to them. Fast & Furious is a perfect example of that. And people died because of it.

    January 23, 2013 01:48 pm at 1:48 pm |
  21. Sniffit

    This "defuses" nothing, CNN. It's just games from the GOP/Teatrolls to try to shift blame and to keep the uncertainty and risk created by their threats on the debt ceiling alive so it continues to hamper recovery and economic growth. It violates the 27h Amendment and constitutes yet another 100% symbolic vote from the GOP/Teatrolls in the House that they will now immediately attempt to use in pre-prepared talking points...no doubt already handed out to Faux News, Limbaugh, et al....that are designed to further confuse most Americans and shift blame to the Dems and Obama. Their shenanigans are the most transparent thing in DC.

    January 23, 2013 01:49 pm at 1:49 pm |
  22. Sniffit

    "The House on Wednesday passed the "No Budget, No Pay Act," a Republican bill that would effectively defuse the debt ceiling threat for several months. "

    The House on Wednesday passed the "No Budget, No Pay Act," a Republican bill that would effectively keep alive the debt ceilng threat for several months and help the GOP/Teatrolls use it as a constant and continuous bludgeon to hamper economic recovery.

    FIFY

    Stop carrying their water. Your reporting has become absolutely disgusting.

    January 23, 2013 01:51 pm at 1:51 pm |
  23. plain&simple

    CYA....look I'm working,really...see I'm working here's a bill! Why does this congress keep painting themselves into a corner with grandstand decrees then squirm to get out of them? Because they don't want to govern or make any hard choices? Sounds about right. Then put them on TV to question Hillary Clinton and then they grow a pair. Republican cowardice,been preaching fear for so long it has become the only reality for them.

    January 23, 2013 01:51 pm at 1:51 pm |
  24. Fair is Fair

    Rudy NYC

    How can the Senate possibly pass a budget when the Republicans keep filibustering them?
    -------
    Couldn't the Senate pass a budget under reconciliation rules? It's financial in nature... maybe I'm wrong.

    January 23, 2013 01:52 pm at 1:52 pm |
  25. Not_an_Idiot

    and @just sayin, you are right in the fact that only a 51-49 majority is needed to pass a budget "resolution", but for said resolution to ACTUALLY go into affect, one of two things needs to happen. 1) the Senate would have to pass the bill by overcoming a filibuster (60 votes), OR 2) the House would have to pass the same exact budget resolution by a simple majority (218 votes). So TECHNICALLY, you're right AND wrong.

    January 23, 2013 01:53 pm at 1:53 pm |
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