A Beltway Storm Averted ... For Now

The House of Representatives has enacted a measure to suspend the debt ceiling for 90 days, through May 19. It also attempted to revitalize the budget process by making members' salaries in both the House and Senate contingent upon passing a competing budget blueprint by April 15. Despite White House endorsement of the temporary measure Tuesday, Democrats were uniformly critical on the floor this morning, forcing Republicans to deliver 199 votes for enactment, in contrast to 111 opposing votes from the minority.

The event was positive for investors for several reasons....828 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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