Senate delays debt limit deadline
January 31st, 2013
04:12 PM ET
2 years ago

Senate delays debt limit deadline

Washington (CNN) - The Democratic-controlled Senate passed legislation on Thursday extending the federal government's ability to borrow new money through mid-May, delaying a partisan standoff that some analysts warn could derail a fragile economic recovery.

The bill, which passed in a 64-34 vote, cleared the Republican-run House of Representatives last week. It now advances to President Obama's desk to be signed into law.

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Filed under: Debt • Senate
soundoff (24 Responses)
  1. target

    economic recovery BAHAHAHAHAHA

    January 31, 2013 04:27 pm at 4:27 pm |
  2. rad666

    Debt ceiling?

    There is no ceiling for debt for the US government.

    America continues to finance items off the books.

    January 31, 2013 04:31 pm at 4:31 pm |
  3. Jonathon

    Obama an senate are running this country into the ground trying to tske our guns awaya nrun the healthcare system hell thy cant even figure out how to make it of the income we have an pay our countrys debt an raised our taxes an have hired hagel he is going to demolish our defense system. Thank you our fellow welfare takers an obama lovers; which we ? Who they R

    January 31, 2013 04:37 pm at 4:37 pm |
  4. discouraged

    keep kicking it down the road.... Our useless government is broken. They should all go home and stay home. why do they continue to collect pay checks and continue to get nothing done. NO ACCOUNTABILITY.

    January 31, 2013 04:37 pm at 4:37 pm |
  5. Borderless

    If we had elected anything, like say a potted plant or a cinder block, instead of any of the candidates that ran in 2008 and 2012, the economy would likely have straightened itself out. Instead, we elect, then re-elect a president lacking in leadership, realistic vision, and ability, and he brought with him the most corrupt, divisive, and inept administration in US history. Recovery averted.

    January 31, 2013 04:42 pm at 4:42 pm |
  6. Fred D.

    It is inspiring to see our nation's great leaders tackling the difficult issues head-on, and not passing the buck or avoiding the tough decisions.

    Oh, wait...

    January 31, 2013 04:43 pm at 4:43 pm |
  7. tiredofcongress

    all this sounds vaguely familiar... how many years are we going to do this in a row?

    January 31, 2013 04:47 pm at 4:47 pm |
  8. roger

    The government screwed up Social Security, Medicare, Medicaid, AmTrak, the Post Office, Freddie Mac, and Ginni Mae and you wonder why the country cannot get back on track. You want things to prosper again in the US get rid of unnecessary government intrusion.

    January 31, 2013 04:49 pm at 4:49 pm |
  9. Rich

    How can I be out of money when I still have checks?

    January 31, 2013 04:54 pm at 4:54 pm |
  10. old professor

    So many Chicken Littles although Jonathon is one of a kind....

    January 31, 2013 04:55 pm at 4:55 pm |
  11. Bill

    We are governed by the best politicians that money can buy............

    January 31, 2013 04:59 pm at 4:59 pm |
  12. skytag

    Only one other country has this kind of statutory debt limit and they set theirs so high they never even get close to hitting. It's such a dumb idea. It's never done anything to reduce spending. All it does is give Congress something to bicker about before they raise it, which they always do. I'm all for fiscal responsibility, but this is not the way to make that happen.

    January 31, 2013 05:04 pm at 5:04 pm |
  13. roy

    What economic recovery????

    January 31, 2013 05:06 pm at 5:06 pm |
  14. Smacky Smooth

    Kick the can again. nothing will get done until 2014. Their mommies never taught them the value of deadlines and decisions. Look , if you cannot handle the job, then dont run or we will vote you out. Dummies

    January 31, 2013 05:08 pm at 5:08 pm |
  15. TeddyX

    Republicans are the closest thing to being a communist without calling yourself one. They are useless

    January 31, 2013 05:18 pm at 5:18 pm |
  16. Tea Party Member

    Don't spend what you don't have. Why can't Washington get it? 2014 is coming and we are making some big changes.

    BALANCE THE BUDGET OR GO HOME.

    January 31, 2013 05:19 pm at 5:19 pm |
  17. Ray

    Thanks Mr President for the new healthcare law though I wish we had gone to the public option.
    Thanks Mr President for ending the war in Iraq which we should've never started in the first place.
    Thanks Mr President for shoring up the border. Under your watch we have seen the least number of infiltrations and the largest number of border agents.
    Thanks Mr President for the stimulus when the country was headed for destruction. No, you didn't get all you wanted because the Rethugs had to throw in another tax cut with the 750B so in essence, the stimulus to improve the economy was only around 550B.
    I could go on, but you get the drift.

    January 31, 2013 05:20 pm at 5:20 pm |
  18. radgast

    Congress needs to grow up.... seriously its not like they don't know these issues are coming and they wait to the last minute to put some half deal together. Not what I would call responsible for the level of governing they are suppose to be functioning in.

    January 31, 2013 05:26 pm at 5:26 pm |
  19. dank

    millionaires leave town or usa to start a new utopia for themselves and leave us the working democracy taxpayer in the garbage heap called a dump. time for revolution

    January 31, 2013 05:27 pm at 5:27 pm |
  20. Dutch

    When it comes to the politics on this item people don't seem to understand that our President has the GOP by the b*lls.
    If the debt ceiling isn't increased, he'll simply let the automated spending cuts take effect, and since all "red" states (except Texas) are net-recipients, this would hurt the republican party the most.Please note that Texas does have a lot of military, and therefore will be effected even thought they are a net-contributor. For this reason, while they were in power, the republican party never has implemented any kind of spending cuts themselves either.
    (Please refer to the IRS and Census websites if you need the research on this, or you can google and read the various reports of people that have already done this research).

    January 31, 2013 05:30 pm at 5:30 pm |
  21. zaphed

    money is just a number.. control guns and save the jobs in usa. our azz is getting kicked by china.

    January 31, 2013 05:31 pm at 5:31 pm |
  22. Serious Truth

    What a waste of time! All this time spent to control spending and the only result is that our Government extends its credit limit. Funny how private citizens cannot do the same.

    January 31, 2013 05:39 pm at 5:39 pm |
  23. McBob79

    President Barack Obama will let his jobs council expire this week without renewing its charter, winding down one source of input from the business community even as unemployment remains stubbornly high. Forward!

    January 31, 2013 05:43 pm at 5:43 pm |
  24. andrew singer

    I can't imagine anyone is surprised by this. It was obvious long ago they can't fix this. This one won't go away by ignoring it, they can only hope to keep up the show as long as possible. It really appears that the only solution to complete financial fallout is conquest. It is way too late for budget cuts (we can't cut enough) and we have depleted much of our ability to produce except in financial services which is void of any real output whatsoever.

    January 31, 2013 07:13 pm at 7:13 pm |