On the recordFebruary 11, 2014
The debt ceiling suspension expired last week, and Secretary Lew says that Treasury will only be able to ensure that the U.S. meet its commitments through Feb. 27. Sadly, some in the House Majority still find it difficult to accept that Congress should actually pay its bills, buying into the myth that not raising the debt ceiling will somehow slow government spending. My colleagues fail to acknowledge that the deficit, as CBO recently reported, fell by more than a third in the first three months of FY14, and CBO predicts it will continue to shrink and stabilize at around 4% of GDP. Last week, the Business Roundtable lamented that Congress's inaction fosters continued uncertainty, increases borrowing costs, and dampens hiring. The Speaker told reporters that he does not want to play chicken again with the full faith and credit of the United States. So let's have a clean vote on the debt ceiling and put this behind us. It's time to roll up our sleeves and tackle the real challenges facing our nation and start putting people back to work. The SPEAKER pro tempore. All time for debate has expired. Pursuant to House Resolution 478, the previous question is ordered on the bill, as amended. The question is on the engrossment and third reading of the bill. The bill was ordered to be engrossed and read a third time, and was read the third time. The SPEAKER pro tempore. The question is on the passage of the bill.…





