Senate Republicans Back Off Debt Demands as House Mulls
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Senate Republicans probably will provide enough votes to raise the U.S. debt limit without conditions, the chamber’s third-ranking party leader said.
That may not be the case with House Republicans, who haven’t decided on a strategy as a suspension of the debt ceiling is scheduled to expire Feb. 7. Treasury Secretary Jacob Lew has urged Congress to act quickly on raising the ceiling, saying the U.S. will reach its borrowing limit by late February.