U.S. House approves 3-month debt-limit extension

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U.S. House approves 3-month debt-limit extension
from MarketWatch.com - MarketPulse
WASHINGON (MarketWatch) - The U.S. House on Wednesday approved a suspension of the debt ceiling until May 19, allowing the government to continue to pay its bills and temporarily putting off a bigger fight over taxes and spending. The Republican-controlled chamber passed the bill by a 285-144 margin, largely along partisan lines. Senate Majority Leader Harry Reid, D-Nev., said the upper chamber will pass the House measure as quickly as possible without any changes. The Obama administration has already said it will sign the temporary extension.