November 25, 2014

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November 25, 2014

November 24, 2014

House Passes Debt Ceiling Bill

This afternoon, the House of Representatives passed (by a vote of 285-144) legislation that would temporarily suspend the debt ceiling until May 19, 2013.  (A copy of the recorded vote is available here.)  As previously reported, the U.S. hit its debt limit at the end of the 2012 and Treasury Secretary Geithner was utilizing “extraordinary measures” to avoid default on the nation’s obligations.  (For more information click here.)

Under the legislation (H.R. 325) the debt ceiling would be suspended until May 19, 2013.  In addition, as of April 15, 2013 Members of Congress would have their paychecks suspended until their House of Congress passes a budget resolution.  In other words, if by April 16th the House of Representatives passes a budget, but the Senate does not, then House members will receive their paychecks, but Senators will not (until such time as they pass a budget or until the last day of the 113th Congress).

Senate Majority Leader Harry Reid (D-NV) has indicated the Senate will pass the legislation.  In its Statement of Administrative Policy (available here) the White House indicated that it will not oppose the legislation, but urged Congress to enact a long-term solution to the “self-inflicted fiscal crisis.”  A Congressional Budget Office (CBO) analysis of the legislation is available here.

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About this Author

Medicare Reimbursement and Health Policy Director

Anna Schwamlein Howard is the Medicare Reimbursement & Health Policy Director in the firm’s Health Government Relations team.

A nationally recognized authority on health care reform issues, Anna has considerable experience in government relations and regulatory affairs. Specifically, she has extensive knowledge with the Medicare Modernization Act, medical privacy and prescription drug issues, Medicare physician payment legislation, the Affordable Care Act, and other federal health issues impacting the lives of older Americans.

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