House Republicans to pass own debt limit plan on Tuesday

WASHINGTON (Reuters) – Republicans in the House of Representatives on Tuesday hope to pass their own version of legislation to reopen the federal government that would differ from a plan now emerging from Senate negotiations, Republican lawmakers and aides said.

The Republican version would be similar to the Senate plan but would include two key concessions on “Obamacare” health reforms, said Republican Representative Darrell Issa. These include a two-year delay of a tax on medical devices that helps fund insurance subsidies as well as a requirement that Congress and top Obama administration cabinet officials obtain health coverage under the program.

Aides said the House plan calls for an extension of government funding at current levels through January 15 and an extension of borrowing authority through February 7. Issa said the House version would not allow the U.S. Treasury to renew its extraordinary cash management measures, which could stretch borrowing capacity for months.

(Reporting By David Lawder; Editing by Bill Trott)

Source: http://news.yahoo.com/house-republicans-pass-own-debt-limit-plan-tuesday-141056011–business.html
Category: 12 Years a Slave   new england patriots   grand theft auto 5   Mayweather vs Canelo   lollapalooza  

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s