Debt Ceiling Update
Senate Passes Debt Ceiling Bill
The Senate yesterday passed by a 64-34 vote -- and cleared for President Obama’s signature -- a bill that will suspend the nation’s statutory borrowing limit through May 18. The measure also will require lawmakers in both the House and Senate to pass a budget resolution by April 15 or have their pay withheld until they do so. The House approved the legislation on Jan. 23.
From ABA Daily Newsbytes 2/1/2013