Boehner: No Budget no Pay

“The Republican-controlled House will vote next week to permit the government to borrow more money to meet its obligations, a move aimed at heading off a market-rattling confrontation with President Barack Obama over the so-called debt limit.

Full details aren’t settled, but the measure would give the government about three more months of borrowing authority beyond a deadline expected to hit as early as mid-February, No. 2 House Republican Eric Cantor of Virginia said Friday. (Read More: GOP May Seek Short-Term Debt Limit Extension)

The legislation wouldn’t require immediate spending cuts as earlier promised by GOP leaders like Speaker John Boehner of Ohio. Instead, it’s aimed at forcing the Democratic-controlled Senate to join the House in debating the federal budget. It would try to do so by conditioning pay for members of Congress on passing a congressional budget measure.

“We are going to pursue strategies that will obligate the Senate to finally join the House in confronting the government’s spending problem,” Boehner told GOP lawmakers at a retreat in Williamburg, Va. “The principle is simple: `No budget, no pay.”‘

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