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NO RANSOM Republicans Cave on Debt Threat Bloomberg/Getty

Republicans Cave on Debt Threat

House Republicans ditched their plan to ransom raising the debt limit to restore cuts to military pensions Tuesday morning. The GOP will now have to pass a clean bill to raise the debt limit, no strings attached. Senior Republican lawmakers are not sure they can get the 18 votes needed if every Democrat votes to hike the limit.

February 11, 2014 10:03 AM