The US House of Representatives has voted to allow the government to keep borrowing extra money for another four months, deferring a possible debt crisis, which would have brought the administration to a standstill. The measure was welcomed by the White House. From Washington, here’s Paul Adams. With the possibility looming that the US might default on its debt obligations for the first time, the Republicans have decided not to pick a fight with Barack Obama, at least not now. Until an abrupt change of course at the end of last week, they had been threatening to demand spending cuts to offset raising country’s borrowing limit. This move sure to be endorsed by the Senate puts off one fiscal crisis, but another over sweeping cuts in defence and domestic spending due to take effect at the beginning of March is waiting in the winds.
