The House overwhelmingly passed a bill Wednesday to permit the government to borrow enough money to avoid a first-time default for at least four months, defusing a looming crisis setting up a springtime debate over taxes, spending and the deficit.

The House passed the measure on a bipartisan 285-144 vote as majority Republicans back away from their previous demand that any increase in the government's borrowing cap be paired with an equivalent level of spending cuts.
http://finance.yahoo.com/news/house-votes-defuse-debt-limit-...

[There is in fact no longer a numerical borrowing limit, since no new spending limit was put into this bill.]