Debt-limit increase may be near, GOP officials suggest

01/17/2013 | Reuters · MarketWatch · MSNBC

Senior House Republicans say they may back a small, interim increase of the U.S. debt limit, a move that would let them deflect the political consequences of the government defaulting on its debt in February or March. "We're discussing the possible virtue of a short-term debt limit extension, so that we have a better chance of getting the Senate and White House involved in discussions in March," said Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee.

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