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Filed: Timeline
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WILLIAMSBURG, Virginia (Reuters) - House Republicans signaled on Thursday they might support a short-term extension of U.S. borrowing authority next month.

...

The move, described as under consideration by House of Representatives Budget Committee Chairman Paul Ryan, appears to be aimed at getting President Barack Obama and his Democrats to start negotiating with them on spending cuts without Republicans being blamed for a debt default and any resulting chaos in financial markets.

"We're discussing the possible virtue of a short-term debt limit extension, so that we have a better chance of getting the Senate and White House involved in discussions in March," said Ryan.

http://news.yahoo.com/republicans-weigh-short-term-debt-limit-increase-000702710--business.html

 

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