House Republicans last week proposed a vote on raising the debt ceiling for three months to give both chambers time to pass a budget for the next fiscal year. Under the proposal, if either chamber fails to adopt a budget by April 15, then that chamber’s members would then have their paychecks withheld.
Schumer’s remark that the budget will include revenue is notable, as is White House senior adviser David Plouffe’s comment on ABC News’s “This Week With George Stephanopoulos” that President Obama would not accept a budget without more revenue. Republicans have said the debate over taxes was completed in the recent deal to avert the “fiscal cliff." Thus, a battle over whether or not to include new revenues in a budget appears to be in the offing.