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Debt crisis averted — until spring

By David Espo

Associated Press

Published: Wednesday, Jan. 23 2013 9:09 p.m. MST

House Speaker John Boehner of Ohio, flanked by House Budget Committee Chairman Rep. Paul Ryan, R-Wis., left, and House Ways and Means Committee Chairman Rep. Dave Camp, R-Mich., speaks during a news conference on Capitol Hill in Washington, Wednesday, Jan. 23, 2013, to discuss the debt limit. The House overwhelmingly passed a bill Wednesday to permit the government to borrow enough money to avoid a first-time default for at least four months, defusing a looming crisis setting up a springtime debate over taxes, spending and the deficit. (AP Photo/Jacquelyn Martin)

Associated Press

WASHINGTON — Retreating with a purpose, Republicans sped legislation through the House on Wednesday to avert the imminent threat of a government default but pointing the way to a springtime budget struggle with President Barack Obama over Medicare, farm subsidies and other benefit programs.

The current legislation, which cleared the House on a bipartisan vote of 288-144, would permit Treasury borrowing to exceed the limit of $16.4 trillion through May 18. As it passed, Speaker John Boehner pledged that Republicans would quickly draft a budget that would wipe out deficits in a decade, and he challenged Democrats to do the same.

The Democratic-controlled Senate is expected to approve the debt bill as early as Friday or perhaps next week. The White House welcomed the legislation rather than face the threat of a first-ever default at the dawn of the president's second term in the White House, and spokesman Jay Carney pointedly noted a "fundamental change" in strategy by the GOP.

House Republicans cast the bill as a way to force the Senate to draft a budget for the first time in four years, noting that if either house fails to do so, its members' pay would be withheld. They called the bill "no budget, no pay,'" a slogan if not a statement of fact, since lawmakers would be entitled to collect their entire salaries at the end of the Congress with or without a budget in place.

With polls showing their public support eroding, the Republicans jettisoned, for now at least, an earlier insistence that they would allow no additional borrowing unless Obama and the Democrats agreed to dollar-for-dollar federal spending cuts in exchange.

The average American family "can't buy everything they want every day; they have to make tough choices. It's time to make Congress make the same choices," said Rep. Dave Camp, R-Mich., underscoring the new Republican rallying cry.

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