Republicans back away from debt ceiling fight

Republicans proposed a three-month increase to the US debt ceiling Friday as they lean toward breaking a protracted fiscal impasse, but warned any long-term deal would require Congress to pass a budget that cuts spending. >>>

The move could help defuse a fiscal time bomb that Congress and the White House face in late February with the nation hitting its debt ceiling, looming automatic federal spending cuts, and debate over the budget.

The three-month extension of US borrowing authority would buy time for the Senate to pass a non-binding budget, Cantor said. >>>

Should they fail to approve a budget by April 15, the legislation would withhold lawmakers' paychecks, he added.

"Members of Congress will not be paid by the American people for failing to do their job. No budget, no pay. It's time to come together and get to work," said Cantor.

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Its so comforting to see the GOP leaders KNOW just where the priorities really lie. When has there been a fight the Repubs DIDN'T back down on? And ... we must NOT let the poor Congressmen miss a pay check, right? Oh, and btw... look at that grin on Boehners face... you can tell ...he just luvs grabbing the ankles for Master Barry.

So whats going to be these shucksters excuse next time?