White House: Obama Wouldn't Block GOP Debt Bill 1/22/13
January 22, 2013
WASHINGTON (AP) - It's not the kind of debt-limit increase the White House was looking for.
But President Barack Obama's spokesman says if Congress passes a House Republican bill to extend the government's borrowing authority for three months, the president "would not stand in the way."
In the past, the White House hasn't embraced the idea of a short-term debt-ceiling extension.
The government is on track to surpass its $16.4 trillion debt limit in late February or early March.