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News from Capitol Hill today house Republicans pushed through a debt limit extension today.
With the threat of a salary cut off for lawmakers time to the passing.
Of the budget.
Chief political correspondent Carl Cameron on a move that was part legislation.
House Republicans move to avert a showdown with the president over the debt ceiling.
With passage of -- no budget no pay bill with bipartisan support -- On this not the -- do anything Ivan the names are one authorities aren't.
The measure requires the house and senate by April 15 to each pass a budget framework that balances in ten years should either chamber failed its members' paychecks would be delayed.
The house passed bill also suspends enforcement of the federal debt limit until May nineteenth at which point it increases retroactively.
Without offsetting spending cuts.
The premise here is pretty simple.
It says that there should be no longer term increase in the debt limit.
Until -- there's a long term plan.
To be able to fiscal crisis that faces our country and house democratic leaders -- the no budget no pay bill as a Republican attempt to -- as a member salaries until the GOP can strengthen its bargaining position for budget fights looming later in the years.
This is a political effort simply to increase their negotiating strategy.
Leverage three months from now at the expense of jobs in the economy is.
Again next unworthy of the fiscal and economic challenges that we face this proposal does not have certainty it does not have growth.
And it does not have my support.
33 house conservatives broke ranks who GOP leaders and voted against the bill as insufficiently conservative.
-- 86 house Democrats voted for it.
After the administration cast Republicans as retreating.
And indicated more than once it would not object to the measure the house Republicans made a decision to back away from the kind of brinksmanship.
Was very concerning the market's very concerning to business very concerning to the American people while house Republicans have passed budgets during the Obama era.
The democratic controlled senate has not.
But even before the no budget no pay bill is passed in the house Democrats in the senate agreed to vote on it too.
We're -- proceed could work on this legislation get out here as quickly as we can.
Democrats really think they won this round because the debt ceiling will go up in May without offsetting spending cuts.
Republicans counter that getting senate Democrats to agree to a budget by April.
Means that for the first time in four years congress may be able to show some some degree.
Of real fiscal discipline -- Carl thank you.
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