Article Image
IPFS News Link • Government Debt & Financing

Paul Ryan Confirms GOP Thinking About A Short-Term Debt-Ceiling Hike

• Business Insider

In a briefing with reporters today at House Republicans' retreat in Williamsburg, Va., Rep. Paul Ryan said that the House GOP is discussing a possible "short-term debt limit extension," but that the "worst thing for the economy" would be a lift in the debt ceiling without any spending cuts.

Ryan suggested the lift in the debt ceiling could be extremely short, so that it could be addressed with another fiscal battle — the sequester — in March.

Ryan also urged President Barack Obama to prioritize payments under the debt limit to ensure there is no default on the country's obligations.

Some tweets from reporters on the ground in Virginia: