House Suspends Debt Limit until March 2015

Reid says Senate will act on measure as soon as possible.

The House of Representatives voted to suspend the U.S. debt limit until March 2015, giving a win to President Barack Obama and Democrats in Congress who insisted that the ceiling be lifted without conditions.

The measure passed yesterday 221-201.

218 Votes

Boehner, asked whether advancing the bill was a recognition that Republicans lack political leverage after October’s 16-day partial government shutdown, said, “It’s the fact that we don’t have 218 votes. And when you don’t have 218 votes, you have nothing.”

Government Shutdown

A dispute over raising the debt limit was among the issues that led to the shutdown in October. House Republicans tried repeatedly to attach policy provisions curbing Obamacare and promoting the Keystone XL pipeline in exchange for raising the debt cap and funding the government.

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