House Republicans have passed their bill suspending the debt ceiling until May 19. The measure basically eliminates the debt limit entirely until mid-May.
The bill passed 285-144, and most of the opposition came from Democrats. They don't oppose a debt ceiling increase, but they were against the bill's provision that Congress members' salaries will be suspended if a budget isn't forthcoming by April 15.
112 Democrats and 32 Republicans voted against. Senate majority leader Harry Reid says the Senate will also pass the debt limit bill, and Obama's said he'll sign it. So the debt ceiling cliff is averted - for now.
The measure has the politic title, "a bill to ensure the complete and timely payment of the obligations of the United States Government until May 19, 2013.