House to Vote on Extension of Debt Ceiling - kcentv.com - KCEN HD - Waco, Temple, and Killeen

(KCEN) -- The Presidential inauguration isn't the only thing going on in Washington.  

The Republican-controlled House will vote next week to allow the government to borrow more money to meet its obligations.

Its a move aimed at heading off a market-rattling confrontation with President Barack Obama over the so-called debt limit.

Full details aren't settled, but the measure would give the government about three more months of borrowing authority beyond a deadline expected to hit as early as mid-February.