U.S. House to consider 3-month debt limit extension next week - Rep. Cantor

WILLIAMSBURG, Virginia Fri Jan 18, 2013 11:41pm IST

Majority Leader Eric Cantor (R-VA) reacts to a question about CIA Director David Petraeus' scandal during a news conference on Capitol Hill in Washington November 14, 2012. REUTERS/Yuri Gripas/Files

Majority Leader Eric Cantor (R-VA) reacts to a question about CIA Director David Petraeus' scandal during a news conference on Capitol Hill in Washington November 14, 2012.

Credit: Reuters/Yuri Gripas/Files

Related Topics

WILLIAMSBURG, Virginia (Reuters) - The U.S. House of Representatives will consider a bill next week to extend the debt limit by three months in order to force the Senate to pass a budget, Republican House Majority Leader Eric Cantor said on Friday.

"Next week, we will authorize a three-month temporary debt limit increase to give the Senate and House time to pass a budget," Cantor said in an emailed statement.

"If the Senate or House fails to pass a budget in that time, members of Congress will not be paid by the American people for failing to do their job. No budget, no pay," he said on the last day of a House Republican retreat in Williamsburg.

(Reporting By Rachelle Younglai)

FILED UNDER:

Reforms Push

REUTERS SHOWCASE

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

26/11 Plotter

26/11 Plotter

Pakistan to challenge bail for Mumbai attack "mastermind".  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage