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Wednesday, January 23, 2013

House Passes Republican Plan To Extend Debt Limit To May 19

(Reuters) - The House of Representatives on Wednesday passed an extension of borrowing authority under the federal debt limit to May 19, putting the Republican plan on a fast track to enactment after top Senate Democrats endorsed it.

The 285-144 vote in the House fell largely along party lines, with many Democrats objecting to the short-term nature of the extension.

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