WASHINGTON (AP) — House Republican leaders are considering a short-term increase in the U.S. debt limit as a possible way to break the gridlock that threatens the nation with an unprecedented default in as little as a week, officials said Wednesday night.
These officials said there is far less urgency inside the leadership about ending the current nine-day partial government shutdown, which has caused inconvenience and financial concern for many individual Americans but appears not to threaten the widespread economic damage a default might bring.
The officials declined to say what conditions, if any, might be attached to legislation to raise the $16.7 trillion debt limit for an undetermined period, perhaps a few weeks or months. The GOP rank and file is expected to meet privately to discuss the issue on Thursday, before a delegation led by Speaker John Boehner goes to the White House to meet with President Barack Obama.
Advertisement - story continues below