President Signs Debt Ceiling Bill
President Obama yesterday signed into law a bill that suspends the nation’s statutory borrowing limit through May 18. The measure also requires 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 Senate approved the legislation on Jan. 31 and the House passed it on Jan. 23.
Source: ABA Daily Newsbytes 2/5/2013