Boehner to allow House vote on emerging Senate debt-ceiling deal

By Erik Wasson – 10/16/13 10:20 AM ET

Speaker John Boehner (R-Ohio) has agreed to allow a vote in the House on the emerging Senate debt-ceiling deal, according to a Senate source.

Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) were racing Wednesday to put the finishing touches on the deal ahead of Thursday’s deadline for raising the $16.7 trillion debt limit.

The draft of the Senate agreement would raise the debt ceiling until Feb. 7, reopen the government until Jan. 15 and form a budget conference to resolve the automatic spending cuts under sequestration. Continue reading “Boehner to allow House vote on emerging Senate debt-ceiling deal”