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Obama Backs Temporary Plan to Lift Debt Ceiling

HeadlineJan 23, 2013

President Obama has tacitly endorsed a House Republican plan to lift the debt ceiling for the next four months. The measure would lift enforcement of the federal government’s $16.4 trillion borrowing limit until May 18. In a statement, the White House said it “would not oppose” the temporary move. A House vote is expected today.

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