It appears House Republicans are prepared to agree to raising the debt-ceiling for a three-month period if Democrats will agree to pass a budget in the U.S. Senate – something they have not done in more than three years. Under the plan, if the Senate refuses to pass a budget, the House will simply not allow funds to be used to pay the salaries of members of Congress.

House GOP Set to Raise Debt-Ceiling for 3-Months in Exchange for Senate Democrats Passing a Budget; If “No Budget, No Pay” for Congress – Video 1/21/13