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The incoming Democratic House of............>

US TSYS
US TSYS: The incoming Democratic House of Representatives Tuesday night
published plans to restore the 'Gephardt Rule', which would effectively mean the
House avoiding the now-common debt ceiling crises.
- The debt limit is currently suspended until March 1.
- However it remains to be seen whether the Republican Senate will agree.
- From the Dems' Committee on Rules: "Suspension of the Debt Limit. Subsection
(jj) provides that when the House adopts a budget resolution, a separate joint
resolution suspending the Federal debt limit through September 30 of the budget
year is deemed to have passed the House by the same vote and is engrossed
separately and sent to the Senate. "

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