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Briefing Room

The White House
Office of the Press Secretary
For Immediate Release
February 04, 2013

Statement by the Press Secretary on H.R. 325

On Monday, February 04, 2013, the President signed into law:

H.R. 325, the "No Budget, No Pay Act of 2013," which temporarily suspends the public debt limit until May 18, 2013; and provides for depositing payments for compensation of Members of either House of Congress in an escrow account beginning April 16, 2013, unless and until that House has passed a FY 2014 budget resolution.