House Extends Debt Ceiling, Medicare Sequestration Still Slotted in March
A bill temporarily halting the nation's $16.4 billion debt ceiling through mid-May passed the House 285-144, but automatic cuts to Medicare and other programs are still scheduled to take effect March 1, according to a report by USA Today.
Without new budget or extension legislation by March, providers will face 2 percent across-the-board cuts to their Medicare payments.
With funding for the federal government running out by March 27, the House bill also requires the House and Senate to pass budgets by April 15 or risk lawmaker salaries being placed in escrow. The Senate has not passed a budget resolution since 2009.
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